Tocqueville Asset Management L.P. Has $267,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Tocqueville Asset Management L.P. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,738 shares of the oil and gas exploration company’s stock after purchasing an additional 2,000 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $267,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after purchasing an additional 5,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.0 %

Shares of NYSE:PBR opened at $14.03 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.45 and a 52 week high of $17.44. 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 company’s fifty day moving average is $13.78 and its 200-day moving average is $13.97. The company has a market capitalization of $90.38 billion, a PE ratio of 5.48, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 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 target price on the stock in a research report on Wednesday, March 5th. 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, StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong 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 $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.