Mitsubishi UFJ Trust & Banking Corp Sells 54,286 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Mitsubishi UFJ Trust & Banking Corp lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 806,553 shares of the oil and gas exploration company’s stock after selling 54,286 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $10,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PBR. Ethos Financial Group LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $39,000. Whipplewood Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. increased its stake in shares of 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 purchasing an additional 5,000 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on PBR shares. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. Finally, Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.0 %

PBR opened at $14.39 on Friday. The stock has a market capitalization of $92.70 billion, a price-to-earnings ratio of 5.62, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44. The company has a 50-day simple moving average of $13.85 and a 200 day simple moving average of $13.93.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. This represents a dividend yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 137.93%.

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.