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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GQG Partners LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares during the last quarter. Lazard Asset Management LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after acquiring an additional 3,072,312 shares in the last quarter. Fisher Asset Management LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock valued at $204,319,000 after acquiring an additional 68,337 shares in the last quarter. Perpetual Ltd raised its position in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after acquiring an additional 163,668 shares in the last quarter. Finally, RWC Asset Management LLP raised its position in Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock valued at $27,558,000 after acquiring an additional 190,435 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PBR. 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 on the stock in a research report on Thursday. 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. 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. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, March 5th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $17.47.

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

Shares of NYSE PBR opened at $12.03 on Monday. The company has a market cap of $77.49 billion, a price-to-earnings ratio of 4.70, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73. 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 firm’s 50-day simple moving average is $12.45 and its 200 day simple moving average is $13.29.

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 issued a dividend of $0.2403 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 78.36%.

About Petróleo Brasileiro S.A. – Petrobras

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.