Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC reduced its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 223,344 shares of the oil and gas exploration company’s stock after selling 56,635 shares during the period. Petróleo Brasileiro S.A. – Petrobras makes up about 4.8% of Oaktree Fund Advisors LLC’s investment portfolio, making the stock its 7th largest position. Oaktree Fund Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,872,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PBR. Truffle Hound Capital LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $2,572,000. Teachers Retirement System of The State of Kentucky raised its position 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 buying an additional 265,560 shares during the last quarter. Capital Wealth Planning LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% during the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock valued at $4,408,000 after buying an additional 72,930 shares during the last quarter. RWC Asset Management LLP grew its position in 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 worth $27,558,000 after buying an additional 190,435 shares in the last quarter. Finally, GQG Partners LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 2.6% during the fourth 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 acquiring an additional 6,016,560 shares during the period.

Analyst Ratings Changes

A number of brokerages have commented on PBR. 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. HSBC upgraded 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 research note on Wednesday, March 5th. Finally, StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.0 %

Shares of NYSE PBR opened at $14.39 on Friday. The business has a fifty day moving average of $13.85 and a two-hundred day moving average of $13.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. 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 cap of $92.70 billion, a PE ratio of 5.62, 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 Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. 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 (DPR) is presently 137.93%.

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.