Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 24.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 33,276 shares of the oil and gas exploration company’s stock after buying an additional 6,508 shares during the period. NFJ Investment Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $428,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $39,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $51,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $162,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 3.6 %

Shares of NYSE PBR opened at $11.62 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 stock’s 50 day moving average price is $13.36 and its two-hundred day moving average price is $13.70. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $11.03 and a 52-week high of $17.44. The stock has a market capitalization of $74.91 billion, a P/E ratio of 4.54, a PEG ratio of 0.18 and a beta of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 138.79%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. 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 lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report 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 price target for the company in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently 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.