2,900 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Purchased by Tandem Financial LLC

Tandem Financial LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, HoldingsChannel reports. The firm purchased 2,900 shares of the oil and gas exploration company’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the third quarter worth approximately $141,372,000. Fisher Asset Management LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 13.1% in the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock worth $227,961,000 after acquiring an additional 1,835,297 shares during the last quarter. Annex Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after acquiring an additional 542,118 shares during the last quarter. SG Americas Securities LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 114.4% during the fourth quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after acquiring an additional 309,112 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in 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 valued at $24,445,000 after buying an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.88 on Friday. The firm’s 50-day simple moving average is $13.63 and its 200-day simple moving average is $14.15. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The firm has a market cap of $89.77 billion, a PE ratio of 5.42, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. 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 disclosed a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given 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 dividend payout ratio is presently 58.20%.

Analyst Ratings Changes

PBR has been the topic of a number of analyst reports. The Goldman Sachs Group lifted 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 report on Tuesday, November 12th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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.