Banco Bilbao Vizcaya Argentaria S.A. Grows Stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 192.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,400 shares of the oil and gas exploration company's stock after purchasing an additional 198,303 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $3,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GQG Partners LLC increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares during the last quarter. Fisher Asset Management LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company's stock worth $204,319,000 after purchasing an additional 68,337 shares during the period. Perpetual Ltd increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% in the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock worth $42,643,000 after purchasing an additional 163,668 shares in the last quarter. RWC Asset Management LLP lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock worth $27,558,000 after acquiring an additional 190,435 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 7.2% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 1,817,730 shares of the oil and gas exploration company's stock valued at $23,376,000 after purchasing an additional 121,370 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company 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 research note 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 issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Trading Down 2.3 %

Shares of PBR traded down $0.26 during trading hours on Wednesday, hitting $11.26. The company had a trading volume of 17,421,842 shares, compared to its average volume of 17,406,150. The firm has a market cap of $72.56 billion, a P/E ratio of 4.40, a P/E/G ratio of 0.18 and a beta of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $11.03 and a 52-week high of $17.44. The stock's 50 day moving average price is $12.91 and its 200 day moving average price is $13.50. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently announced a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 120.69%.

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.