Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 32.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,369 shares of the oil and gas exploration company’s stock after acquiring an additional 68,363 shares during the quarter. Cohen & Steers Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of PBR. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $25,000. Tandem Financial LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. increased its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after acquiring an additional 5,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PBR. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating 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 upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.1 %

Shares of NYSE:PBR opened at $11.57 on Tuesday. The firm has a market capitalization of $74.56 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $17.44. 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 firm’s 50-day moving average is $13.51 and its two-hundred day moving average is $13.75.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 138.79%.

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.