NS Partners Ltd Has $2.76 Million Stock Holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

NS Partners Ltd lessened its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 91.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 191,500 shares of the oil and gas exploration company's stock after selling 2,104,358 shares during the period. NS Partners Ltd's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,760,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PBR. EverSource Wealth Advisors LLC raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company's stock worth $27,000 after purchasing an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the second quarter valued at $30,000. 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 valued at $30,000 after buying an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 2nd quarter worth approximately $32,000. Finally, Bogart Wealth LLC increased 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 worth $34,000 after purchasing an additional 2,000 shares during the period.

Wall Street Analysts Forecast Growth

PBR has been the topic of several research reports. Hsbc Global Res lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised 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 research report on Wednesday, September 25th. HSBC cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. UBS Group lowered their price target 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 note on Monday, August 19th. Finally, Morgan Stanley raised Petróleo Brasileiro S.A. - Petrobras from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.5 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.07 on Wednesday, hitting $14.28. 9,528,254 shares of the company traded hands, compared to its average volume of 17,628,848. The company has a market cap of $93.14 billion, a PE ratio of 5.55, a PEG ratio of 0.21 and a beta of 1.39. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock's 50 day moving average price is $14.25 and its 200-day moving average price is $14.66. Petróleo Brasileiro S.A. - Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

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

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.