Graham Capital Management L.P. Has $1.03 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Graham Capital Management L.P. reduced its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 46.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 79,979 shares of the oil and gas exploration company’s stock after selling 68,093 shares during the quarter. Graham Capital Management L.P.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. GQG Partners LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock valued at $3,050,855,000 after purchasing an additional 6,016,560 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock valued at $204,319,000 after buying an additional 68,337 shares in the last quarter. Perpetual Ltd raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after buying an additional 163,668 shares in the last quarter. RWC Asset Management LLP raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock valued at $27,558,000 after buying an additional 190,435 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 7.2% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 1,817,730 shares of the oil and gas exploration company’s stock valued at $23,376,000 after buying an additional 121,370 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.1%

PBR opened at $12.20 on Wednesday. The firm’s 50-day simple moving average is $12.49 and its 200-day simple moving average is $13.32. 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 has a twelve month low of $11.03 and a twelve month high of $16.92. The firm has a market cap of $78.62 billion, a price-to-earnings ratio of 4.77, a PEG ratio of 0.18 and a beta of 0.87.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. This represents a dividend yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 90.52%.

Analyst Ratings Changes

PBR has been the subject of a number of recent research reports. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Finally, Hsbc Global Res upgraded 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from 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 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.