Integrated Quantitative Investments LLC Takes Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Integrated Quantitative Investments LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 23,500 shares of the oil and gas exploration company’s stock, valued at approximately $302,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 143.5% during the third quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company’s stock valued at $462,000 after buying an additional 18,883 shares during the last quarter. Hilltop Holdings Inc. increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.8% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,936 shares of the oil and gas exploration company’s stock valued at $186,000 after acquiring an additional 2,048 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 34.1% in the 3rd quarter. Quantinno Capital Management LP now owns 20,438 shares of the oil and gas exploration company’s stock valued at $295,000 after acquiring an additional 5,202 shares during the last quarter. Wellington Management Group LLP lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 24.3% in the 3rd quarter. Wellington Management Group LLP now owns 750,938 shares of the oil and gas exploration company’s stock worth $10,821,000 after purchasing an additional 146,706 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 64,302 shares of the oil and gas exploration company’s stock valued at $927,000 after purchasing an additional 3,621 shares in the last quarter.

Analysts Set New Price Targets

A number of brokerages recently commented on PBR. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, March 5th. StockNews.com downgraded 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 upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $13.03 on Friday. The business’s 50 day moving average price is $13.88 and its 200-day moving average price is $13.91. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The company has a market cap of $83.97 billion, a P/E ratio of 5.09, a P/E/G ratio of 0.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

About Petróleo Brasileiro S.A. – Petrobras

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.