Level Four Advisory Services LLC Cuts Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Level Four Advisory Services LLC decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 16.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,006 shares of the oil and gas exploration company’s stock after selling 4,897 shares during the period. Level Four Advisory Services LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $309,000 as of its most recent filing with the SEC.

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

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.4 %

Shares of NYSE PBR opened at $14.33 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a market cap of $92.32 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.45 and a 52 week high of $17.44. The business has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $13.93.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, March 5th. Two investment 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 data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

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.