Nomura Asset Management Co. Ltd. Boosts Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Nomura Asset Management Co. Ltd. boosted its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 64,302 shares of the oil and gas exploration company’s stock after purchasing an additional 3,621 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $927,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PBR. Wellington Management Group LLP lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 24.3% in the third quarter. Wellington Management Group LLP now owns 750,938 shares of the oil and gas exploration company’s stock worth $10,821,000 after buying an additional 146,706 shares in the last quarter. Quantinno Capital Management LP increased its stake in Petróleo Brasileiro S.A. – Petrobras by 34.1% in the 3rd quarter. Quantinno Capital Management LP now owns 20,438 shares of the oil and gas exploration company’s stock worth $295,000 after acquiring an additional 5,202 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $386,000. Hilltop Holdings Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 12,936 shares of the oil and gas exploration company’s stock valued at $186,000 after acquiring an additional 2,048 shares during the last quarter. Finally, Ascent Group LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 1,044 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on PBR. The Goldman Sachs Group increased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. UBS Group decreased their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $18.00 to $20.00 in a report on Monday, August 26th. Finally, Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three research 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.8 %

PBR opened at $13.61 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock’s 50 day moving average price is $14.10 and its 200-day moving average price is $14.47. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The stock has a market cap of $88.77 billion, a price-to-earnings ratio of 5.32, a P/E/G ratio of 0.23 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 56.25%.

Petróleo Brasileiro S.A. – Petrobras Profile

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.