City Holding Co. Acquires Shares of 6,773 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

City Holding Co. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,773 shares of the oil and gas exploration company’s stock, valued at approximately $97,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PBR. Ethos Financial Group LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $25,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $40,000. Kapitalo Investimentos Ltda raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after buying an additional 156,663 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $93,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.0% in the fourth quarter. Sunbelt Securities Inc. now owns 10,031 shares of the oil and gas exploration company’s stock worth $128,000 after buying an additional 4,026 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.0%

Shares of NYSE:PBR opened at $11.21 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 stock has a market cap of $72.25 billion, a P/E ratio of 4.38, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84. The business’s 50 day moving average is $11.71 and its 200 day moving average is $13.05. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $11.03 and a 52-week high of $15.73.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This represents a yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 86.57%.

Wall Street Analyst Weigh In

PBR has been the topic of several recent analyst reports. Wall Street Zen upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, March 5th. Jefferies Financial Group upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target on the stock in a report on Thursday, May 15th. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, Bank of America cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $17.47.

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.