Ted Buchan & Co Increases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ted Buchan & Co increased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 60.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 216,399 shares of the oil and gas exploration company’s stock after acquiring an additional 81,867 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up about 1.3% of Ted Buchan & Co’s portfolio, making the stock its 24th biggest holding. Ted Buchan & Co’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,783,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

PBR has been the subject of a number of recent research reports. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report 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 objective on the stock in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $13.03 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market cap of $83.97 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The business has a fifty day moving average of $13.88 and a two-hundred day moving average of $13.92.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.