Sava Infond d.o.o. Acquires Shares of 23,000 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sava Infond d.o.o. bought 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 & Exchange Commission. The firm bought 23,000 shares of the oil and gas exploration company’s stock, valued at approximately $296,000.

Other hedge funds also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after buying an additional 5,000 shares during the period.

Analysts Set New Price Targets

PBR has been the subject of a number of recent analyst reports. HSBC upgraded 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 report on Wednesday, March 5th. 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. Finally, 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. Two 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’s stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.5 %

NYSE:PBR opened at $14.41 on Friday. 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 firm’s 50-day moving average price is $13.84 and its 200-day moving average price is $13.94. The company has a market capitalization of $92.83 billion, a PE ratio of 5.63, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.45 and a 1-year high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. This represents a 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.