Tandem Financial LLC Invests $39,000 in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,900 shares of the oil and gas exploration company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PBR. 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 valued at approximately $141,372,000. Fisher Asset Management LLC lifted its stake in shares of 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 valued at $227,961,000 after purchasing an additional 1,835,297 shares during the period. Annex Advisory Services LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% during the fourth 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 purchasing an additional 542,118 shares during the period. SG Americas Securities LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock valued at $7,449,000 after purchasing an additional 309,112 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.6% during 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 buying an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $13.88 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. The company’s 50 day moving average is $13.63 and its 200 day moving average is $14.15. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market cap of $89.77 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 0.18 and a beta of 1.40.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.5338 per share. The ex-dividend date 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

Several analysts have commented on the stock. HSBC cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group raised their target price on shares of 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $18.24.

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.