Altman Advisors Inc. Acquires 5,131 Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Altman Advisors Inc. raised its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,896 shares of the oil and gas exploration company’s stock after purchasing an additional 5,131 shares during the period. Altman Advisors Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $32,000. Kapitalo Investimentos Ltda grew its stake in Petroleo Brasileiro S.A.- Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 156,663 shares during the period. City Holding Co. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $97,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter valued at approximately $93,000.

Wall Street Analyst Weigh In

PBR has been the topic of a number of research reports. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Buy” and an average target price of $17.40.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $12.51 on Wednesday. The company has a market cap of $80.59 billion, a PE ratio of 9.33 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.73. The business has a 50 day moving average price of $12.23 and a 200-day moving average price of $12.85. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be paid a $0.2806 dividend. The ex-dividend date is Wednesday, June 4th. This is an increase from Petroleo Brasileiro S.A.- Petrobras’s previous — dividend of $0.24. This represents a dividend yield of 17.6%. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 73.88%.

Petroleo 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.