Thrivent Financial for Lutherans Sells 94,437 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Thrivent Financial for Lutherans trimmed its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 53.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 82,085 shares of the oil and gas exploration company’s stock after selling 94,437 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,056,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 0.4% in the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after acquiring an additional 68,337 shares during the period. Perpetual Ltd raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after purchasing an additional 163,668 shares in the last quarter. RWC Asset Management LLP lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in 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 during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after purchasing an additional 265,560 shares in the last quarter. Finally, Annex Advisory Services LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after buying an additional 542,118 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $14.45 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month high of $17.44. The stock has a fifty day moving average price of $13.88 and a 200-day moving average price of $13.93. 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 $93.09 billion, a PE ratio of 5.64, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 138.79%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PBR shares. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Company 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.