Zurcher Kantonalbank Zurich Cantonalbank Has $760,000 Stock Holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 7.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 52,971 shares of the oil and gas exploration company’s stock after buying an additional 3,537 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Dodge & Cox boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 4.8% in the fourth quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock valued at $222,000 after acquiring an additional 800 shares during the last quarter. Vise Technologies Inc. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 5.1% during the 4th quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company’s stock valued at $436,000 after purchasing an additional 1,633 shares during the period. Redwood Park Advisors LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% in the 1st quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock valued at $53,000 after purchasing an additional 1,810 shares during the last quarter. Poehling Capital Management INC. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.8% during the 4th quarter. Poehling Capital Management INC. now owns 228,299 shares of the oil and gas exploration company’s stock worth $2,936,000 after buying an additional 1,870 shares during the period. Finally, SeaCrest Wealth Management LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 3.6% during the first quarter. SeaCrest Wealth Management LLC now owns 58,125 shares of the oil and gas exploration company’s stock worth $834,000 after buying an additional 2,012 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Trading Up 1.2%

PBR opened at $12.91 on Wednesday. The firm’s fifty day moving average is $12.43 and its two-hundred day moving average is $12.77. The firm has a market cap of $83.20 billion, a PE ratio of 9.63 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $15.73. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The firm also recently announced a — dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This is a boost from Petroleo Brasileiro S.A.- Petrobras’s previous — dividend of $0.24. This represents a yield of 1,760.0%. The ex-dividend date is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 73.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBR. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. Finally, Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price objective for the company in a research note on Thursday, May 15th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.40.

Petroleo 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.