Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 340,017 shares of the oil and gas exploration company’s stock after selling 16,204 shares during the period. Petróleo Brasileiro S.A. – Petrobras makes up 0.9% of Ramirez Asset Management Inc.’s holdings, making the stock its 29th biggest position. Ramirez Asset Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $4,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 10.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 92,098 shares of the oil and gas exploration company’s stock valued at $1,184,000 after buying an additional 8,995 shares during the last quarter. X Square Capital LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $623,000. Sava Infond d.o.o. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $296,000. GQG Partners LLC boosted its position in 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 in the last quarter. Finally, Samalin Investment Counsel LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock worth $183,000 after purchasing an additional 1,269 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE:PBR opened at $14.41 on Friday. The stock has a 50 day moving average of $13.84 and a two-hundred day moving average of $13.94. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44. The firm has a market cap of $92.83 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

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 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 137.93%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on PBR. 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 report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.81.

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.