Whittier Trust Co. Boosts Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Whittier Trust Co. increased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 48.7% in the fourth quarter, HoldingsChannel reports. The firm owned 76,427 shares of the oil and gas exploration company’s stock after purchasing an additional 25,022 shares during the quarter. Whittier Trust Co.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $983,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $25,000. Tandem Financial LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $39,000. Whipplewood Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $51,000. Finally, Sunbelt Securities Inc. increased 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 valued at $87,000 after purchasing an additional 5,000 shares during the last quarter.

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

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.20 on Friday. 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 fifty day moving average of $13.79 and a 200 day moving average of $13.95. The company has a market capitalization 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 has a fifty-two week low of $12.45 and a fifty-two week high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, May 28th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 137.93%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras 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.