Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC boosted its position 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,070 shares of the oil and gas exploration company’s stock after purchasing an additional 1,000 shares during the period. Sonora Investment Management Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $220,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after purchasing an additional 1,835,297 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $141,372,000. Perpetual Ltd grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after purchasing an additional 163,668 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.1% during the 3rd quarter. Artemis Investment Management LLP now owns 3,044,971 shares of the oil and gas exploration company’s stock worth $43,878,000 after acquiring an additional 146,590 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.7 %

NYSE PBR opened at $14.23 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.55 and a one year high of $17.91. The company has a 50-day simple moving average of $13.68 and a 200-day simple moving average of $14.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market capitalization of $92.04 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.17 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 58.20%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PBR. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

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.