IPG Investment Advisors LLC Buys 125,860 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

IPG Investment Advisors LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 40.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 438,650 shares of the oil and gas exploration company’s stock after buying an additional 125,860 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for 1.4% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. IPG Investment Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $6,087,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of PBR. Cerity Partners LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 143.5% during the 3rd quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company’s stock worth $462,000 after buying an additional 18,883 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $408,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at approximately $141,372,000. Financial Counselors Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 54.1% during the third quarter. Financial Counselors Inc. now owns 32,784 shares of the oil and gas exploration company’s stock worth $472,000 after purchasing an additional 11,507 shares during the last quarter. Finally, Point72 Europe London LLP bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $2,964,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. HSBC raised 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 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 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. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.0 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.39 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a market cap of $92.70 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The firm’s 50-day simple moving average is $13.85 and its 200 day simple moving average is $13.93.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 137.93%.

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.