Level Four Advisory Services LLC Sells 4,897 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Level Four Advisory Services LLC cut its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 16.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,006 shares of the oil and gas exploration company’s stock after selling 4,897 shares during the period. Level Four Advisory Services LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $309,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cerity Partners LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 143.5% in the third quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company’s stock worth $462,000 after purchasing an additional 18,883 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $141,372,000. Point72 Hong Kong Ltd bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $115,000. Ascent Group LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after acquiring an additional 1,044 shares during the period. Finally, Hilltop Holdings Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 18.8% during the third quarter. Hilltop Holdings Inc. now owns 12,936 shares of the oil and gas exploration company’s stock worth $186,000 after acquiring an additional 2,048 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $14.33 on Tuesday. 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 business has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $13.93. The company has a market capitalization of $92.32 billion, a P/E ratio of 5.60, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 138.79%.

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.