Rakuten Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 58.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,624 shares of the oil and gas exploration company's stock after acquiring an additional 41,447 shares during the period. Petróleo Brasileiro S.A. - Petrobras accounts for 0.7% of Rakuten Securities Inc.'s investment portfolio, making the stock its 26th biggest holding. Rakuten Securities Inc.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also modified their holdings of PBR. EverSource Wealth Advisors LLC raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 460.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company's stock valued at $27,000 after buying an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the second quarter valued at about $30,000. ORG Partners LLC raised its position in Petróleo Brasileiro S.A. - Petrobras by 396.0% in the third 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. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 2nd quarter worth about $32,000. Finally, Bogart Wealth LLC raised its holdings in shares of 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 valued at $34,000 after buying an additional 2,000 shares during the last quarter.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on PBR shares. UBS Group decreased their price target on Petróleo Brasileiro S.A. - Petrobras from $19.40 to $18.10 and set a "buy" rating on the stock in a report on Monday, August 19th. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. - Petrobras from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted 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 research note on Tuesday. Hsbc Global Res downgraded Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 21st. Finally, HSBC cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.24.
Get Our Latest Report on PBR
Petróleo Brasileiro S.A. - Petrobras Price Performance
Shares of PBR stock traded up $0.19 on Tuesday, reaching $13.81. The company had a trading volume of 16,306,599 shares, compared to its average volume of 17,669,443. The stock has a market capitalization of $90.07 billion, a PE ratio of 5.35, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.90 and a one year high of $17.91. The business's 50-day moving average is $14.34 and its 200 day moving average is $14.79.
Petróleo Brasileiro S.A. - Petrobras Increases Dividend
The company also recently announced a Variable dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.227 per share. The ex-dividend date of this dividend is Friday, December 27th. 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 33.59%.
Petróleo Brasileiro S.A. - Petrobras Company Profile
(
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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