SeaBridge Investment Advisors LLC Has $779,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

SeaBridge Investment Advisors LLC lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 35.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 60,576 shares of the oil and gas exploration company’s stock after selling 32,853 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in PBR. Rakuten Securities Inc. grew 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% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after buying an additional 265,560 shares during the last quarter. Creative Planning lifted its position in Petróleo Brasileiro S.A. – Petrobras by 31.6% during the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after buying an additional 37,181 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth about $141,372,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at about $1,521,000.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. 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. Finally, The Goldman Sachs Group raised their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

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

PBR opened at $14.23 on Friday. The stock’s fifty day simple moving average is $13.66 and its 200 day simple moving average is $14.18. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The stock has a market cap of $92.04 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.17 and a beta of 1.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.