Teachers Retirement System of The State of Kentucky Purchases 121,370 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Teachers Retirement System of The State of Kentucky boosted its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,817,730 shares of the oil and gas exploration company's stock after acquiring an additional 121,370 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $23,376,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in PBR. Ethos Financial Group LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $25,000. Tandem Financial LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $51,000. Finally, Stratos Wealth Partners LTD. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth $162,000.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Petróleo Brasileiro S.A. - Petrobras stock traded up $0.08 during mid-day trading on Friday, hitting $11.50. 15,709,009 shares of the company traded hands, compared to its average volume of 17,427,458. The stock has a fifty day moving average price of $13.05 and a 200-day moving average price of $13.55. The stock has a market cap of $74.11 billion, a price-to-earnings ratio of 4.49, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. Petróleo Brasileiro S.A. - Petrobras has a one year low of $11.03 and a one year high of $17.44. 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 business also recently announced a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 138.79%.

Analyst Ratings Changes

PBR has been the topic of a number of analyst reports. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

About Petróleo Brasileiro S.A. - Petrobras

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.