UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $107.11 Million Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,328,525 shares of the oil and gas exploration company’s stock after selling 1,482,184 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Petróleo Brasileiro S.A. – Petrobras worth $107,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PBR. GQG Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock worth $3,050,855,000 after acquiring an additional 6,016,560 shares during the period. Lazard Asset Management LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock worth $279,779,000 after purchasing an additional 3,072,312 shares during the period. SG Americas Securities LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the fourth 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. Parkwood LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 84.2% in the fourth quarter. Parkwood LLC now owns 529,116 shares of the oil and gas exploration company’s stock valued at $6,804,000 after purchasing an additional 241,884 shares during the period. Finally, Truffle Hound Capital LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $2,572,000.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC upgraded 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 note on Wednesday, March 5th. Jefferies Financial Group upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target for the company in a research note on Thursday, May 15th. Finally, Wall Street Zen upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Eight investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Buy” and an average target price of $17.47.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Petróleo Brasileiro S.A. – Petrobras stock opened at $11.85 on Friday. The stock’s fifty day moving average price is $12.31 and its two-hundred day moving average price is $13.24. Petróleo Brasileiro S.A. – Petrobras has a one year low of $11.03 and a one year high of $15.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market cap of $76.37 billion, a PE ratio of 4.63, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 82.09%.

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.