State of Wyoming Boosts Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

State of Wyoming increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,523 shares of the oil and gas exploration company’s stock after purchasing an additional 3,450 shares during the period. State of Wyoming’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $765,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truffle Hound Capital LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $2,572,000. Capital Wealth Planning LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% in 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 purchasing an additional 72,930 shares in the last quarter. Ted Buchan & Co raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 60.9% in the fourth quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company’s stock valued at $2,783,000 after buying an additional 81,867 shares during the last quarter. Cohen & Steers Inc. raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 32.6% in the fourth quarter. Cohen & Steers Inc. now owns 278,369 shares of the oil and gas exploration company’s stock valued at $3,580,000 after buying an additional 68,363 shares during the last quarter. Finally, GQG Partners LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in 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 buying an additional 6,016,560 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.2%

Petróleo Brasileiro S.A. – Petrobras stock opened at $12.03 on Monday. The firm’s 50-day moving average is $12.45 and its 200-day moving average is $13.29. 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 1 year low of $11.03 and a 1 year high of $15.73. The company has a market cap of $77.49 billion, a P/E ratio of 4.70, a PEG ratio of 0.18 and a beta of 0.87.

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 (DPR) is presently 78.36%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PBR shares. Jefferies Financial Group raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target for the company in a research report on Thursday. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $17.47.

Petróleo Brasileiro S.A. – Petrobras Company 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.