Avior Wealth Management LLC Sells 2,248 Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Avior Wealth Management LLC decreased its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,509 shares of the oil and gas exploration company’s stock after selling 2,248 shares during the quarter. Avior Wealth Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. GQG Partners LLC raised its position in shares of Petroleo 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 in the last quarter. Lazard Asset Management LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 16.4% in the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after acquiring an additional 3,072,312 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Petroleo 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 valued at $204,319,000 after acquiring an additional 68,337 shares during the period. RWC Asset Management LLP grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 9.8% during the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after purchasing an additional 190,435 shares in the last quarter. Finally, Annex Advisory Services LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 20.5% in the first quarter. Annex Advisory Services LLC now owns 1,818,558 shares of the oil and gas exploration company’s stock worth $26,078,000 after purchasing an additional 309,752 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC upgraded Petroleo 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 note on Wednesday, March 5th. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. Finally, Jefferies Financial Group upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target on the stock in a research note on Thursday, May 15th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Buy” and an average target price of $17.47.

View Our Latest Research Report on Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.6%

Shares of PBR stock opened at $13.08 on Friday. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.73. The stock’s fifty day simple moving average is $11.80 and its 200 day simple moving average is $12.95. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $84.26 billion, a P/E ratio of 9.76 and a beta of 0.84.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This is a boost from Petroleo Brasileiro S.A.- Petrobras’s previous — dividend of $0.24. This represents a dividend yield of 17.6%. The ex-dividend date of this dividend is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 73.88%.

Petroleo Brasileiro S.A.- Petrobras Profile

(Free Report)

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.

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

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