Deutsche Bank AG Sells 230,047 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Deutsche Bank AG decreased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,091,192 shares of the oil and gas exploration company’s stock after selling 230,047 shares during the period. Deutsche Bank AG’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $14,033,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $39,000. Whipplewood Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $51,000. Finally, Kapitalo Investimentos Ltda grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after buying an additional 156,663 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. StockNews.com raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price objective on the stock in a research report on Thursday. Finally, HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday, March 5th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Buy” and an average price target of $17.47.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE PBR opened at $12.06 on Friday. The company’s fifty day moving average price is $12.46 and its 200 day moving average price is $13.30. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. The company has a market capitalization of $77.72 billion, a PE ratio of 4.71, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 78.36%.

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.