Advisors Preferred LLC Sells 17,292 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Advisors Preferred LLC trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 87.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,547 shares of the oil and gas exploration company’s stock after selling 17,292 shares during the quarter. Advisors Preferred LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $34,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at approximately $141,372,000. Fisher Asset Management LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% in 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 during the last quarter. Annex Advisory Services LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after purchasing an additional 542,118 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock valued at $7,449,000 after purchasing an additional 309,112 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised 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 valued at $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Analysts Set New Price Targets

PBR has been the subject of several research analyst reports. Hsbc Global Res lowered 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 report on Monday, October 21st. Finally, The Goldman Sachs Group increased their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $13.71 on Friday. The stock has a market capitalization of $88.69 billion, a price-to-earnings ratio of 5.35, a PEG ratio of 0.17 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.91. The firm’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $14.14. 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 Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.5338 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 58.20%.

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.