Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Holdings Increased by GQG Partners LLC

GQG Partners LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 237,236,034 shares of the oil and gas exploration company’s stock after purchasing an additional 6,016,560 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras comprises about 4.5% of GQG Partners LLC’s investment portfolio, making the stock its 6th biggest position. GQG Partners LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,050,855,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Truffle Hound Capital LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $2,572,000. Teachers Retirement System of The State of Kentucky grew its position in 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 acquiring an additional 265,560 shares in the last quarter. Capital Wealth Planning LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 27.0% during the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock worth $4,408,000 after purchasing an additional 72,930 shares during the period. RWC Asset Management LLP lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after purchasing an additional 190,435 shares in the last quarter. Finally, 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 third quarter valued at approximately $141,372,000.

Analyst Ratings Changes

PBR has been the topic of a number of research reports. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $14.00 on Tuesday. The company has a market cap of $90.20 billion, a P/E ratio of 5.47, a PEG ratio of 0.18 and a beta of 1.39. The firm has a fifty day moving average price of $13.80 and a 200 day moving average price of $13.94. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

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.