Oaktree Capital Management LP Has $43.12 Million Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Oaktree Capital Management LP lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,352,724 shares of the oil and gas exploration company’s stock after selling 716,548 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up approximately 0.8% of Oaktree Capital Management LP’s investment portfolio, making the stock its 26th largest position. Oaktree Capital Management LP owned approximately 0.05% of Petróleo Brasileiro S.A. – Petrobras worth $43,116,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock valued at $3,050,855,000 after buying an additional 6,016,560 shares during the period. Fisher Asset Management LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.4% during the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after purchasing an additional 68,337 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $141,372,000. Perpetual Ltd grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after buying an additional 163,668 shares during the period. Finally, RWC Asset Management LLP lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock valued at $27,558,000 after buying an additional 190,435 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR opened at $14.39 on Friday. The company has a market capitalization of $92.70 billion, a price-to-earnings ratio of 5.62, a PEG ratio of 0.18 and a beta of 1.39. The business’s fifty day simple moving average is $13.85 and its 200-day simple moving average is $13.93. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. 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 company also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 137.93%.

Analyst Ratings Changes

A number of brokerages recently commented on PBR. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. Finally, 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. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $17.81.

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.