X Square Capital LLC Makes New $623,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

X Square Capital LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 48,475 shares of the oil and gas exploration company’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds also recently modified their holdings of PBR. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $25,000. Tandem Financial LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $39,000. Whipplewood Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $51,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after buying an additional 5,000 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.5 %

PBR stock opened at $14.41 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.45 and a one year high of $17.44. The stock has a market cap of $92.83 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a fifty day moving average price of $13.84 and a two-hundred day moving average price of $13.94. 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 business also recently declared a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be paid a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 137.93%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. HSBC raised 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 raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report 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 report on Monday, March 3rd. Two investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Company 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.