Fiera Capital Corp Purchases 53,396 Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Fiera Capital Corp boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 37.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 195,072 shares of the oil and gas exploration company’s stock after purchasing an additional 53,396 shares during the quarter. Fiera Capital Corp’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 16.4% in the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock worth $279,779,000 after purchasing an additional 3,072,312 shares during the last quarter. ARGA Investment Management LP grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.3% in the first quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock valued at $158,258,000 after purchasing an additional 38,312 shares during the period. Carrhae Capital LLP acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $64,765,000. Artemis Investment Management LLP boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% in the first quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock worth $56,052,000 after acquiring an additional 905,800 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $29,984,000.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.9%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $12.96 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a market cap of $83.52 billion, a P/E ratio of 9.67 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.73. The business has a 50-day moving average price of $12.35 and a 200 day moving average price of $12.80.

Petroleo 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 paid a $0.2806 dividend. This is an increase from Petroleo Brasileiro S.A.- Petrobras’s previous — dividend of $0.24. This represents a yield of 17.6%. The ex-dividend date of this dividend is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 73.88%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. Finally, Jefferies Financial Group upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a research report on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $17.40.

About Petroleo 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.