Investors Buy Large Volume of Petróleo Brasileiro S.A. – Petrobras Call Options (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the recipient of unusually large options trading activity on Friday. Stock traders bought 35,300 call options on the company. This is an increase of approximately 33% compared to the typical volume of 26,603 call options.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE:PBR opened at $14.90 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.90 and a 52-week high of $17.91. The company has a market cap of $97.18 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.21 and a beta of 1.39. 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 simple moving average is $14.25 and its 200 day simple moving average is $14.63.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.227 per share. This represents a yield of 16.3%. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date of this dividend is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 38.67%.

Analysts Set New Price Targets

Several brokerages have commented on PBR. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $18.00 to $20.00 in a research note on Monday, August 26th. UBS Group lowered their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group lifted their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 460.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $30,000. ORG Partners LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at $32,000. Finally, Bogart Wealth LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter.

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.