Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Bought by Parkwood LLC

Parkwood LLC grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 84.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 529,116 shares of the oil and gas exploration company's stock after purchasing an additional 241,884 shares during the quarter. Parkwood LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $6,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PBR. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at approximately $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $51,000. Finally, Kapitalo Investimentos Ltda increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after acquiring an additional 156,663 shares during the period.

Wall Street Analyst Weigh In

PBR has been the subject of a number of analyst reports. 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. 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 report on Wednesday, March 5th. Finally, StockNews.com lowered 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and a consensus target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Up 1.1%

Shares of Petróleo Brasileiro S.A. - Petrobras stock opened at $12.20 on Wednesday. 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 has a 12-month low of $11.03 and a 12-month high of $16.92. The firm has a market capitalization of $78.62 billion, a PE ratio of 4.77, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. The stock's fifty day moving average is $12.49 and its 200-day moving average is $13.32.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently declared 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 is Tuesday, April 22nd. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 90.52%.

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.

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