200,000 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Bought by Truffle Hound Capital LLC

Truffle Hound Capital LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 200,000 shares of the oil and gas exploration company’s stock, valued at approximately $2,572,000.

Other large investors also recently bought and sold shares of the company. Sonora Investment Management Group LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 6.2% during the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after buying an additional 1,000 shares during the period. Ascent Group LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.2% during the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after buying an additional 1,044 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock worth $303,000 after buying an additional 1,164 shares during the period. Principal Financial Group Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock worth $559,000 after buying an additional 1,381 shares during the period. Finally, OneDigital Investment Advisors LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock worth $181,000 after buying an additional 1,407 shares during the period.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of recent analyst reports. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, 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. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to 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 %

NYSE PBR opened at $14.20 on Friday. The business has a fifty day moving average price of $13.79 and a 200 day moving average price of $13.96. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.45 and a one year high of $17.44. 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 company has a market cap of $91.48 billion, a P/E ratio of 5.54, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 137.93%.

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.