International Assets Investment Management LLC Has $144,000 Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

International Assets Investment Management LLC trimmed its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 95.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,862 shares of the oil and gas exploration company’s stock after selling 233,170 shares during the period. International Assets Investment Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PBR. Tidal Investments LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.2% in the third quarter. Tidal Investments LLC now owns 49,546 shares of the oil and gas exploration company’s stock valued at $714,000 after purchasing an additional 7,268 shares during the period. World Investment Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth $243,000. Sanctuary Advisors LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 2.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 107,084 shares of the oil and gas exploration company’s stock worth $1,596,000 after acquiring an additional 2,147 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 50.6% in the third quarter. TD Private Client Wealth LLC now owns 15,201 shares of the oil and gas exploration company’s stock valued at $219,000 after purchasing an additional 5,110 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% in the third 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 purchasing an additional 265,560 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.4 %

PBR opened at $13.57 on Wednesday. The company has a market capitalization of $88.50 billion, a P/E ratio of 5.30, a P/E/G ratio of 0.22 and a beta of 1.41. 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 fifty day moving average price is $13.70 and its two-hundred day moving average price is $14.26. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.5338 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 57.81%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PBR. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

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.