Cohen & Steers Inc. grew its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 32.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,369 shares of the oil and gas exploration company's stock after acquiring an additional 68,363 shares during the quarter. Cohen & Steers Inc.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $3,580,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Sonora Investment Management Group LLC lifted its holdings in Petróleo Brasileiro S.A. - Petrobras by 6.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock valued at $220,000 after purchasing an additional 1,000 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company's stock valued at $303,000 after buying an additional 1,164 shares during the period. Samalin Investment Counsel LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 9.8% during the fourth quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company's stock worth $183,000 after acquiring an additional 1,269 shares during the last quarter. Principal Financial Group Inc. grew its stake in Petróleo Brasileiro S.A. - Petrobras by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock worth $559,000 after acquiring an additional 1,381 shares during the period. Finally, Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at $25,000.
Petróleo Brasileiro S.A. - Petrobras Trading Up 3.6 %
Petróleo Brasileiro S.A. - Petrobras stock traded up $0.40 during midday trading on Friday, reaching $11.62. The stock had a trading volume of 32,520,566 shares, compared to its average volume of 17,274,869. The stock has a market capitalization of $74.91 billion, a PE ratio of 4.54, 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 stock's 50-day simple moving average is $13.31 and its 200 day simple moving average is $13.66. Petróleo Brasileiro S.A. - Petrobras has a twelve month low of $11.03 and a twelve month high of $17.44.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently announced a -- dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. 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 currently 138.79%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on PBR shares. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.81.
Get Our Latest Research Report on Petróleo Brasileiro S.A. - Petrobras
About Petróleo Brasileiro S.A. - Petrobras
(
Free Report)
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.
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