Transamerica Financial Advisors Inc. Lowers Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Transamerica Financial Advisors Inc. decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 25.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,080 shares of the oil and gas exploration company’s stock after selling 1,756 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $66,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Sonora Investment Management Group LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after buying an additional 1,000 shares in the last quarter. Ascent Group LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 1,044 shares during the period. Envestnet Portfolio Solutions Inc. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock worth $303,000 after purchasing an additional 1,164 shares in the last quarter. 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 purchasing an additional 1,269 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock worth $559,000 after buying an additional 1,381 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PBR shares. 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 report on Wednesday, March 5th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report 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 report on Monday, March 3rd. Two research 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.81.

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

Shares of PBR stock opened at $14.39 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44. The company’s 50-day moving average price is $13.85 and its 200-day moving average price is $13.93. The stock has a market cap of $92.70 billion, a price-to-earnings 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 announced a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued 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 payout ratio is 138.79%.

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.