Mitsubishi UFJ Trust & Banking Corp Has $10.37 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Mitsubishi UFJ Trust & Banking Corp lessened its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 806,553 shares of the oil and gas exploration company’s stock after selling 54,286 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $10,372,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sonora Investment Management Group LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after acquiring an additional 1,000 shares during the last quarter. Ascent Group LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% during the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after purchasing an additional 1,044 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock valued at $303,000 after buying an additional 1,164 shares during the period. Samalin Investment Counsel LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock valued at $183,000 after buying an additional 1,269 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock worth $559,000 after buying an additional 1,381 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $14.39 on Friday. The firm’s 50 day moving average is $13.85 and its 200-day moving average is $13.93. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a market capitalization 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 12-month low of $12.45 and a 12-month high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PBR shares. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. 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 report on Wednesday, March 5th. Finally, StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $17.81.

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.