Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 0.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,042,829 shares of the oil and gas exploration company’s stock after buying an additional 900 shares during the period. Pictet Asset Management Holding SA’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $13,411,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in PBR. Ethos Financial Group LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 5,000 shares during the last quarter.

Analysts Set New Price Targets

PBR has been the subject of a number of research analyst reports. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.7 %

NYSE:PBR opened at $14.45 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average of $13.88 and a 200-day moving average of $13.93. The firm has a market capitalization of $93.09 billion, a PE ratio of 5.64, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.45 and a 52 week high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 138.79%.

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.