Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Caprock Group LLC

Caprock Group LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 122,954 shares of the oil and gas exploration company’s stock after acquiring an additional 11,027 shares during the quarter. Caprock Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,698,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% in the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after buying an additional 41,447 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after purchasing an additional 265,560 shares during the period. Creative Planning lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 31.6% during the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after purchasing an additional 37,181 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $141,372,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $1,521,000.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.7 %

Shares of NYSE PBR opened at $14.23 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The company has a market capitalization of $92.04 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The business has a 50-day moving average of $13.66 and a two-hundred day moving average of $14.17.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on the stock. The Goldman Sachs Group raised 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 report on Tuesday, November 12th. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.24.

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.