Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Stock Holdings Increased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 192.3% in the fourth quarter, according to the company in its most recent disclosure with the 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 SEC.

Other institutional investors have also recently bought and sold shares of the company. Truffle Hound Capital LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $2,572,000. Capital Wealth Planning LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 27.0% during the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock worth $4,408,000 after buying an additional 72,930 shares during the period. Ted Buchan & Co grew its stake in Petróleo Brasileiro S.A. - Petrobras by 60.9% during the fourth quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock worth $2,783,000 after buying an additional 81,867 shares during the period. Cohen & Steers Inc. grew its stake in Petróleo Brasileiro S.A. - Petrobras by 32.6% during the fourth quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company's stock worth $3,580,000 after buying an additional 68,363 shares during the period. Finally, GQG Partners LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 2.6% during the fourth 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 buying an additional 6,016,560 shares during the period.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.6 %

Shares of NYSE PBR traded down $0.07 during midday trading on Thursday, reaching $11.23. 8,101,769 shares of the company's stock were exchanged, compared to its average volume of 17,373,136. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $11.03 and a 52-week high of $17.44. The stock has a market capitalization of $72.34 billion, a PE ratio of 4.39, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The business's fifty day moving average price is $12.84 and its two-hundred day moving average price is $13.48.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Hsbc Global Res upgraded 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 lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Company 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.