SG Americas Securities LLC Has $7.45 Million Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

SG Americas Securities LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 114.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 579,270 shares of the oil and gas exploration company’s stock after buying an additional 309,112 shares during the period. SG Americas Securities LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $7,449,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Thrivent Financial for Lutherans raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 15.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company’s stock valued at $2,558,000 after acquiring an additional 23,546 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 453.6% during the second quarter. Toronto Dominion Bank now owns 40,000 shares of the oil and gas exploration company’s stock valued at $580,000 after purchasing an additional 32,774 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at $73,174,000. Mackenzie Financial Corp lifted its position in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock worth $20,809,000 after purchasing an additional 39,682 shares during the period. Finally, Kathmere Capital Management LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 48.6% during the second quarter. Kathmere Capital Management LLC now owns 26,407 shares of the oil and gas exploration company’s stock worth $383,000 after buying an additional 8,641 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $13.77 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The company has a 50 day moving average of $13.71 and a 200-day moving average of $14.23. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $89.06 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 0.17 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.5338 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 58.20%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on PBR shares. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. HSBC cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and an average target price of $18.24.

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.