Lesa Sroufe & Co Makes New Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Lesa Sroufe & Co bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 341,712 shares of the oil and gas exploration company’s stock, valued at approximately $4,900,000. Petróleo Brasileiro S.A. – Petrobras makes up 4.9% of Lesa Sroufe & Co’s portfolio, making the stock its 3rd largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBR. Dodge & Cox boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% in the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock valued at $222,000 after buying an additional 800 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock valued at $303,000 after buying an additional 1,164 shares in the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock valued at $183,000 after buying an additional 1,269 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock valued at $559,000 after buying an additional 1,381 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.1% in the 4th quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company’s stock valued at $436,000 after purchasing an additional 1,633 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PBR shares. Jefferies Financial Group raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price objective for the company in a research report on Thursday, May 15th. Bank of America lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Wall Street Zen raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Buy” and a consensus target price of $17.47.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $12.72 on Tuesday. The stock has a market capitalization of $81.99 billion, a price-to-earnings ratio of 4.97, a PEG ratio of 0.18 and a beta of 0.84. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The firm’s 50 day simple moving average is $11.70 and its 200-day simple moving average is $12.97. 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 Increases Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be paid a $0.2806 dividend. The ex-dividend date is Wednesday, June 4th. This represents a yield of 17.6%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 86.57%.

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.