Oaktree Capital Management LP Trims Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Oaktree Capital Management LP lessened its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,352,724 shares of the oil and gas exploration company’s stock after selling 716,548 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up 0.8% of Oaktree Capital Management LP’s holdings, making the stock its 26th biggest position. Oaktree Capital Management LP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $43,116,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PBR. Ethos Financial Group LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $25,000. Tandem Financial LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $51,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd 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 in the last quarter.

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

Shares of NYSE:PBR opened at $14.39 on Friday. The company has a market cap of $92.70 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.45 and a 52 week high of $17.44. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm 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 business also recently disclosed 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 is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 137.93%.

Wall Street Analyst Weigh In

PBR has been the topic of several research reports. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report 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 target price on the stock in a research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $17.81.

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.