Banco BTG Pactual S.A. lifted its holdings in PETROLEO BRASIL/ADR (NYSE:PBR) by 19.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,474 shares of the oil and gas exploration company’s stock after purchasing an additional 7,829 shares during the period. Banco BTG Pactual S.A.’s holdings in PETROLEO BRASIL/ADR were worth $261,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PBR. Harbor Investment Advisory LLC lifted its stake in shares of PETROLEO BRASIL/ADR by 60,262.5% in the 1st quarter. Harbor Investment Advisory LLC now owns 4,829 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 4,821 shares during the period. Verus Capital Partners LLC bought a new position in shares of PETROLEO BRASIL/ADR in the 4th quarter worth approximately $36,000. Fox Run Management L.L.C. bought a new position in shares of PETROLEO BRASIL/ADR in the 1st quarter worth approximately $70,000. Samalin Investment Counsel LLC lifted its stake in shares of PETROLEO BRASIL/ADR by 22.0% in the 1st quarter. Samalin Investment Counsel LLC now owns 13,557 shares of the oil and gas exploration company’s stock worth $74,000 after purchasing an additional 2,442 shares during the period. Finally, Toronto Dominion Bank bought a new position in shares of PETROLEO BRASIL/ADR in the 4th quarter worth approximately $94,000. Hedge funds and other institutional investors own 9.30% of the company’s stock.

PBR has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of PETROLEO BRASIL/ADR from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, April 29th. ValuEngine upgraded shares of PETROLEO BRASIL/ADR from a “sell” rating to a “hold” rating in a research note on Sunday, March 15th. Bank of America cut shares of PETROLEO BRASIL/ADR from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $7.50 in a research note on Thursday, May 14th. Raymond James cut shares of PETROLEO BRASIL/ADR from a “market perform” rating to an “underperform” rating in a research note on Monday, May 18th. Finally, Bradesco Corretora upgraded shares of PETROLEO BRASIL/ADR from a “neutral” rating to an “outperform” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $15.25.

Shares of PETROLEO BRASIL/ADR stock traded up $0.32 on Wednesday, hitting $8.70. 1,955,524 shares of the company traded hands, compared to its average volume of 26,807,474. The stock has a market capitalization of $57.53 billion, a P/E ratio of 7.47 and a beta of 1.93. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.98 and a current ratio of 1.21. PETROLEO BRASIL/ADR has a 52 week low of $4.01 and a 52 week high of $16.95. The business has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $11.26.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 22nd. Stockholders of record on Wednesday, April 29th will be given a dividend of $0.0931 per share. The ex-dividend date of this dividend is Tuesday, April 28th. This represents a $0.37 annualized dividend and a dividend yield of 4.28%. This is a boost from PETROLEO BRASIL/ADR’s previous quarterly dividend of $0.08.

PETROLEO BRASIL/ADR Company Profile

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries 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 PETROLEO BRASIL/ADR (NYSE:PBR)

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