Morningstar Investment Management LLC Raises Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Morningstar Investment Management LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 239,902 shares of the oil and gas exploration company’s stock after purchasing an additional 67,897 shares during the quarter. Morningstar Investment Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,085,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Bogart Wealth LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 2,000 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares during the last quarter. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $39,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $51,000. Finally, Sunbelt Securities Inc. raised its position 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 worth $87,000 after acquiring an additional 5,000 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $14.83 on Thursday. The stock has a market cap of $95.54 billion, a P/E ratio of 5.79, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91. The stock has a 50 day moving average of $13.61 and a two-hundred day moving average of $14.14. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 58.20%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.24.

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.