Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stake Raised by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 0.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,042,829 shares of the oil and gas exploration company’s stock after buying an additional 900 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $13,411,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. X Square Capital LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $623,000. Sava Infond d.o.o. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $296,000. GQG Partners LLC increased its stake in 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 valued at $3,050,855,000 after buying an additional 6,016,560 shares during the period. Samalin Investment Counsel LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock worth $183,000 after buying an additional 1,269 shares in the last quarter. Finally, Truffle Hound Capital LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $2,572,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.7 %

NYSE:PBR opened at $14.45 on Wednesday. The stock has a fifty day simple moving average of $13.88 and a 200 day simple moving average of $13.93. The firm has a market capitalization of $93.09 billion, a price-to-earnings ratio of 5.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.45 and a 1-year high of $17.44. 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. Stockholders of record on Tuesday, April 22nd will be given 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 dividend payout ratio (DPR) is currently 138.79%.

Analysts Set New Price Targets

A number of research firms recently commented on PBR. 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. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, HSBC raised 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. Two 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 data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus 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.