Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by First Manhattan CO. LLC.

First Manhattan CO. LLC. grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 150,194 shares of the oil and gas exploration company’s stock after buying an additional 4,355 shares during the quarter. First Manhattan CO. LLC.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,077,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. GQG Partners LLC boosted its holdings in 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 purchasing an additional 6,016,560 shares during the period. Annex Advisory Services LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after buying an additional 542,118 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% during the fourth quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after buying an additional 309,112 shares in the last quarter. Truffle Hound Capital LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $2,572,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 192.3% in the fourth quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 301,400 shares of the oil and gas exploration company’s stock worth $3,891,000 after acquiring an additional 198,303 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $11.80 on Friday. The company has a fifty day moving average of $12.52 and a two-hundred day moving average of $13.35. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $17.37. The company has a market capitalization of $76.04 billion, a PE ratio of 4.61, a P/E/G 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. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 90.52%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. 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 cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note 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 objective for the company in a research report on Wednesday, March 5th. Two 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.81.

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.