Ballentine Partners LLC trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Free Report) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,698 shares of the oil and gas exploration company’s stock after selling 1,418 shares during the period. Ballentine Partners LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $228,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC raised its stake 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 purchasing an additional 1,679 shares in the last quarter. Bogart Wealth LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 571.4% in the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 945 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Activest Wealth Management grew its position in Petróleo Brasileiro S.A. – Petrobras by 67.9% in the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 2,600 shares in the last quarter.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.24.
Petróleo Brasileiro S.A. – Petrobras Stock Performance
NYSE PBR opened at $13.73 on Friday. The company’s fifty day moving average is $13.70 and its two-hundred day moving average is $14.22. The firm has a market capitalization of $88.80 billion, a price-to-earnings ratio of 5.36, a P/E/G ratio of 0.17 and a beta of 1.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91.
Petróleo Brasileiro S.A. – Petrobras Cuts Dividend
The company also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.5338 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 58.20%.
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.
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