Alexander Labrunerie & CO. Inc. Cuts Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Alexander Labrunerie & CO. Inc. lowered its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,050 shares of the oil and gas exploration company’s stock after selling 1,000 shares during the period. Alexander Labrunerie & CO. Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $129,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $141,372,000. Fisher Asset Management LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after buying an additional 1,835,297 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after buying an additional 542,118 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after acquiring an additional 309,112 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after acquiring an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.6 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.14 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.55 and a 52 week high of $17.91. The stock has a 50-day moving average price of $13.65 and a 200 day moving average price of $14.16. 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 company has a market capitalization of $91.45 billion, a price-to-earnings ratio of 5.52, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 58.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras 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.