Laird Norton Wetherby Wealth Management LLC Has $563,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Laird Norton Wetherby Wealth Management LLC lessened its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,778 shares of the oil and gas exploration company’s stock after selling 8,352 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $563,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of PBR. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $25,000. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $51,000. Finally, Kapitalo Investimentos Ltda increased its stake 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 valued at $86,000 after buying an additional 156,663 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.7%

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $12.06 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $11.03 and a one year high of $15.73. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The stock’s 50-day moving average is $12.46 and its 200 day moving average is $13.30. The firm has a market cap of $77.72 billion, a price-to-earnings ratio of 4.71, a PEG ratio of 0.18 and a beta of 0.87.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 78.36%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PBR. StockNews.com raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday. 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. Jefferies Financial Group raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target for the company in a research note on Thursday. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $17.47.

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.