Ameliora Wealth Management Ltd. Acquires New Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,000 shares of the oil and gas exploration company’s stock, valued at approximately $51,000.

A number of other institutional investors have also recently made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $141,372,000. Fisher Asset Management LLC increased 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 increased 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 increased 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 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 valued at $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.88 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. The stock has a market capitalization of $89.77 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.18 and a beta of 1.40. The firm’s 50-day moving average is $13.63 and its two-hundred day moving average is $14.15. 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 declared a — dividend, which was paid on Friday, January 3rd. Shareholders 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 dividend payout ratio is currently 58.20%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. HSBC cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note 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 company a “buy” rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $18.24.

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.