Foster & Motley Inc. Lowers Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Foster & Motley Inc. reduced its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.5% during the 4th quarter, HoldingsChannel reports. The firm owned 120,673 shares of the oil and gas exploration company’s stock after selling 11,161 shares during the period. Foster & Motley Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PBR. 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 3rd quarter valued at approximately $141,372,000. Fisher Asset Management LLC grew its stake 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 lifted its holdings 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 buying an additional 542,118 shares during the period. SG Americas Securities LLC lifted its holdings 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 buying an additional 309,112 shares during the period. Finally, Teachers Retirement System of The State of Kentucky lifted its holdings 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 buying an additional 265,560 shares during the period.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group raised their price target on 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. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $14.13 on Friday. The stock has a fifty day moving average price of $13.68 and a 200 day moving average price of $14.18. The stock has a market cap of $91.39 billion, a PE ratio of 5.52, a P/E/G ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.5338 per share. The ex-dividend date was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 57.81%.

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.