Whittier Trust Co. Acquires 25,022 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Whittier Trust Co. increased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 48.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,427 shares of the oil and gas exploration company’s stock after acquiring an additional 25,022 shares during the quarter. Whittier Trust Co.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $983,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $25,000. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $51,000. Finally, Sunbelt Securities Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $14.20 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.45 and a 12-month 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. The company has a 50-day simple moving average of $13.79 and a two-hundred day simple moving average of $13.95. The firm has a market cap of $91.48 billion, a price-to-earnings ratio of 5.54, a PEG ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PBR. 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 raised shares of 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, 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. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras 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.