Sava Infond d.o.o. Takes Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sava Infond d.o.o. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,000 shares of the oil and gas exploration company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $40,000. Ameliora Wealth Management Ltd. bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $51,000. Finally, Sunbelt Securities Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.5 %

PBR stock opened at $14.41 on Friday. The company has a market capitalization of $92.83 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.45 and a one year high of $17.44. The company’s 50 day moving average price is $13.84 and its two-hundred day moving average price is $13.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analyst Weigh In

PBR has been the subject of several recent analyst reports. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, March 5th. 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. Finally, Hsbc Global Res upgraded 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 given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus 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.