Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,135 shares of the oil and gas exploration company’s stock after purchasing an additional 8,055 shares during the period. Axxcess Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $259,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its stake in shares of 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 valued at $204,319,000 after acquiring an additional 68,337 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at about $141,372,000. Perpetual Ltd grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after acquiring an additional 163,668 shares in the last quarter. RWC Asset Management LLP grew its stake 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 valued at $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 stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after acquiring an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE PBR opened at $14.20 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $13.79 and its two-hundred day moving average price is $13.95. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The stock has a market capitalization of $91.48 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 137.93%.

Analyst Upgrades and Downgrades

PBR has been the subject of several recent analyst reports. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. 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. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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.