MAS Advisors LLC Acquires 4,732 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

MAS Advisors LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 31.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 19,840 shares of the oil and gas exploration company’s stock after buying an additional 4,732 shares during the quarter. MAS Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PBR. Rakuten Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% in the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after acquiring an additional 41,447 shares during the period. Teachers Retirement System of The State of Kentucky boosted 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 worth $24,445,000 after purchasing an additional 265,560 shares during the last quarter. Creative Planning boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after purchasing an additional 37,181 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth approximately $141,372,000. Finally, Sanctuary Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at $1,521,000.

Analysts Set New Price Targets

PBR has been the topic of a number of research reports. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group boosted their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $14.14 on Wednesday. The business’s fifty day moving average is $13.65 and its 200 day moving average is $14.16. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. 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 company has a market capitalization of $91.45 billion, a PE ratio of 5.52, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.