Insigneo Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,513 shares of the oil and gas exploration company's stock after acquiring an additional 34,699 shares during the quarter. Insigneo Advisory Services LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,386,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in PBR. Sanctuary Advisors LLC boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 2.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 107,084 shares of the oil and gas exploration company's stock worth $1,596,000 after acquiring an additional 2,147 shares in the last quarter. World Investment Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter worth approximately $243,000. Tidal Investments LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 17.2% during the third quarter. Tidal Investments LLC now owns 49,546 shares of the oil and gas exploration company's stock worth $714,000 after purchasing an additional 7,268 shares during the period. Aprio Wealth Management LLC grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 21.9% during the fourth quarter. Aprio Wealth Management LLC now owns 21,965 shares of the oil and gas exploration company's stock valued at $282,000 after purchasing an additional 3,952 shares during the last quarter. Finally, Salem Investment Counselors Inc. raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 2.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 426,746 shares of the oil and gas exploration company's stock valued at $5,489,000 after purchasing an additional 10,435 shares during the period.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on PBR shares. HSBC raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and an average price target of $17.81.
Get Our Latest Analysis on PBR
Petróleo Brasileiro S.A. - Petrobras Stock Performance
Shares of PBR traded up $0.40 during trading hours on Friday, reaching $11.62. 32,520,566 shares of the company traded hands, compared to its average volume of 17,343,096. 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 $13.31 and its 200 day moving average is $13.68. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $17.44. The stock has a market cap of $74.91 billion, a P/E ratio of 4.54, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently declared a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 138.79%.
About Petróleo Brasileiro S.A. - Petrobras
(
Free Report)
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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