swisspartners Ltd. Increases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

swisspartners Ltd. grew its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 19.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 162,000 shares of the oil and gas exploration company’s stock after buying an additional 26,500 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for approximately 1.1% of swisspartners Ltd.’s portfolio, making the stock its 26th biggest position. swisspartners Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $81,000. First Trust Advisors LP lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% during the fourth quarter. First Trust Advisors LP now owns 124,032 shares of the oil and gas exploration company’s stock valued at $1,393,000 after buying an additional 3,943 shares during the period. National Asset Management Inc. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $126,000. NorthCoast Asset Management LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 149.3% during the 4th quarter. NorthCoast Asset Management LLC now owns 55,335 shares of the oil and gas exploration company’s stock valued at $621,000 after buying an additional 33,135 shares during the period. Finally, Ninety One North America Inc. raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.4% in the fourth quarter. Ninety One North America Inc. now owns 4,575,156 shares of the oil and gas exploration company’s stock valued at $51,379,000 after buying an additional 152,356 shares during the period. Hedge funds and other institutional investors own 10.00% of the company’s stock.

Shares of NYSE:PBR traded down $0.11 during 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. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $6.15 and a 52 week high of $11.89. 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 has a 50-day simple moving average of $9.28. The firm has a market cap of $75.40 billion, a P/E ratio of 6.95 and a beta of 1.74.

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

Several analysts have issued reports on PBR shares. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $11.00 to $13.00 in a research note on Friday, May 28th. They noted that the move was a valuation call. UBS Group cut shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $13.00 to $9.00 in a research report on Monday, February 22nd. Grupo Santander raised Petróleo Brasileiro S.A. – Petrobras from an “underperform” rating to a “hold” rating and set a $11.00 target price for the company in a report on Friday, May 14th. Credit Suisse Group downgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to an “underperform” rating in a research note on Monday, February 22nd. Finally, Scotiabank lowered Petróleo Brasileiro S.A. – Petrobras from a “sector outperform” rating to a “sector perform” rating and cut their price objective for the stock from $15.25 to $14.00 in a report on Monday, February 22nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Hold” and a consensus price target of $11.76.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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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