Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Freedom Investment Management Inc.

Freedom Investment Management Inc. lowered its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 13.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,476 shares of the oil and gas exploration company’s stock after selling 1,759 shares during the period. Freedom Investment Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $165,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Encompass Capital Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at approximately $73,174,000. Mondrian Investment Partners LTD lifted its position in Petróleo Brasileiro S.A. – Petrobras by 23.0% during the second quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock valued at $144,124,000 after purchasing an additional 1,889,313 shares during the period. Fisher Asset Management LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 13.1% in the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after purchasing an additional 1,835,297 shares during the last quarter. Victory Capital Management Inc. grew its position in Petróleo Brasileiro S.A. – Petrobras by 38.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock worth $54,278,000 after purchasing an additional 1,039,700 shares during the period. Finally, Annex Advisory Services LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 152.7% during the 2nd quarter. Annex Advisory Services LLC now owns 890,417 shares of the oil and gas exploration company’s stock valued at $12,902,000 after buying an additional 538,002 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $14.28 on Monday. 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 fifty day moving average is $14.23 and its two-hundred day moving average is $14.53. The firm has a market capitalization of $93.14 billion, a P/E ratio of 5.58, a price-to-earnings-growth ratio of 0.22 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.5338 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 56.25%.

Wall Street Analysts Forecast Growth

PBR has been the topic of a number of recent research reports. The Goldman Sachs Group upped their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. UBS Group dropped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $20.00 in a report on Monday, August 26th. Finally, Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

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.