First Manhattan CO. LLC. Grows Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

First Manhattan CO. LLC. grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 3.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 150,194 shares of the oil and gas exploration company’s stock after buying an additional 4,355 shares during the period. First Manhattan CO. LLC.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,077,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBR. Ethos Financial Group LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $51,000. Finally, Kapitalo Investimentos Ltda grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after buying an additional 156,663 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. 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. 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. Finally, 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 research report on Wednesday, March 5th. Two research 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.3 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $11.80 on Friday. The company has a market capitalization of $76.04 billion, a PE ratio of 4.61, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. 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 fifty-two week low of $11.03 and a fifty-two week high of $17.37. The firm has a 50 day moving average price of $12.52 and a 200 day moving average price of $13.35.

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 issued a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 90.52%.

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.