Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,194 shares of the oil and gas exploration company’s stock after buying an additional 1,269 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $183,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms have commented on PBR. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. HSBC raised 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 note on Wednesday, March 5th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.2 %

Shares of NYSE PBR opened at $14.20 on Monday. The firm’s 50 day moving average price is $13.79 and its 200 day moving average price is $13.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market cap of $91.48 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced 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 is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

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.