Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp lessened its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 206,824 shares of the oil and gas exploration company's stock after selling 42,800 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of PBR. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $25,000. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $39,000. Whipplewood Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $51,000. Finally, Kapitalo Investimentos Ltda grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 104.4% during the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after buying an additional 156,663 shares in the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.2%

PBR stock traded down $0.03 during trading on Friday, reaching $12.03. 20,820,969 shares of the company traded hands, compared to its average volume of 17,432,906. Petróleo Brasileiro S.A. - Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The business has a 50 day simple moving average of $12.45 and a 200 day simple moving average of $13.29. The company has a market capitalization of $77.49 billion, a price-to-earnings ratio of 4.70, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 78.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a research report on Thursday. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research report on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, StockNews.com raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Buy" and an average target price of $17.47.

Petróleo Brasileiro S.A. - Petrobras Profile

Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.