Paradiem LLC Trims Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Paradiem LLC lowered its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 64.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 313,672 shares of the oil and gas exploration company’s stock after selling 579,385 shares during the period. Paradiem LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $4,034,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PBR. Thrivent Financial for Lutherans raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 15.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company’s stock valued at $2,558,000 after buying an additional 23,546 shares during the last quarter. Toronto Dominion Bank increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 453.6% in the 2nd quarter. Toronto Dominion Bank now owns 40,000 shares of the oil and gas exploration company’s stock valued at $580,000 after purchasing an additional 32,774 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at about $73,174,000. Mackenzie Financial Corp increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock valued at $20,809,000 after purchasing an additional 39,682 shares in the last quarter. Finally, Kathmere Capital Management LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 48.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 26,407 shares of the oil and gas exploration company’s stock valued at $383,000 after purchasing an additional 8,641 shares in the last quarter.

Wall Street Analyst Weigh In

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

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

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.87 on Thursday. The stock has a market cap of $89.71 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.17 and a beta of 1.41. The stock’s 50 day simple moving average is $13.71 and its 200-day simple moving average is $14.23. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.