Integrated Quantitative Investments LLC Acquires Shares of 23,500 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Integrated Quantitative Investments LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,500 shares of the oil and gas exploration company’s stock, valued at approximately $302,000.

A number of other institutional investors have also recently bought and sold shares of the business. Ethos Financial Group LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at approximately $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $40,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at about $51,000. Finally, Sunbelt Securities Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $13.03 on Friday. The company has a market cap of $83.97 billion, a price-to-earnings ratio of 5.09, a P/E/G ratio of 0.18 and a beta of 0.94. The business’s fifty day simple moving average is $13.88 and its two-hundred day simple moving average is $13.91. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44. 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 Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given 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 (DPR) is 138.79%.

Analyst Ratings Changes

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

Petróleo Brasileiro S.A. – Petrobras Company 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.