Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by NFJ Investment Group LLC

NFJ Investment Group LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 24.3% in the 4th quarter, Holdings Channel reports. The firm owned 33,276 shares of the oil and gas exploration company’s stock after acquiring an additional 6,508 shares during the quarter. NFJ Investment Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $39,000. Whipplewood Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $51,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $162,000.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE PBR opened at $11.62 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 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 stock has a fifty day moving average price of $13.36 and a two-hundred day moving average price of $13.70. The firm has a market cap of $74.91 billion, a P/E ratio of 4.54, a PEG ratio of 0.18 and a beta of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have commented on PBR. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. HSBC upgraded 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 research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and a consensus target price 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.