Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by swisspartners Ltd.

swisspartners Ltd. grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 19.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,000 shares of the oil and gas exploration company’s stock after acquiring an additional 26,500 shares during the period. Petróleo Brasileiro S.A. – Petrobras comprises 1.1% of swisspartners Ltd.’s holdings, making the stock its 26th biggest position. swisspartners Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,376,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Inspire Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $26,000. International Assets Investment Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 100.0% in the first quarter. International Assets Investment Management LLC now owns 6,396 shares of the oil and gas exploration company’s stock valued at $63,000 after acquiring an additional 3,198 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $81,000. Kestra Private Wealth Services LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth about $88,000. Finally, Prospera Financial Services Inc grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2,744.8% in the 4th quarter. Prospera Financial Services Inc now owns 11,123 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 10,732 shares during the last quarter. Institutional investors own 10.00% of the company’s stock.

PBR traded down $0.11 during midday trading on Friday, hitting $11.56. 352,190 shares of the company’s stock traded hands, compared to its average volume of 38,403,117. The stock has a market capitalization of $75.40 billion, a P/E ratio of 6.95 and a beta of 1.74. Petróleo Brasileiro S.A. – Petrobras has a one year low of $6.15 and a one year high of $11.89. The company’s fifty day moving average price is $9.28. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 1.11.

The firm also recently announced a — dividend, which was paid on Thursday, May 6th. Investors of record on Friday, April 16th were paid a dividend of $0.2859 per share. The ex-dividend date was Thursday, April 15th. This represents a yield of 4.6%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 65.12%.

Several equities research analysts have commented on the stock. Itau BBA Securities upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “market perform” rating to an “outperform” rating and set a $14.00 target price on the stock in a research report on Friday, May 14th. Scotiabank downgraded Petróleo Brasileiro S.A. – Petrobras from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $15.25 to $14.00 in a research report on Monday, February 22nd. They noted that the move was a valuation call. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $11.00 to $13.00 in a report on Friday, May 28th. They noted that the move was a valuation call. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from an “underperform” rating to a “neutral” rating in a research report on Monday, March 15th. Finally, Credit Suisse Group downgraded Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to an “underperform” rating in a report on Monday, February 22nd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Hold” and a consensus target price of $11.76.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras produce and sells oil and gas in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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Institutional Ownership by Quarter for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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