Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Down 0.6% - Should You Sell?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) was down 0.6% during mid-day trading on Monday . The company traded as low as $14.04 and last traded at $14.08. Approximately 2,371,025 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 16,536,213 shares. The stock had previously closed at $14.16.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PBR. Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Price Performance

The stock has a market capitalization of $92.32 billion, a PE ratio of 5.59, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock's 50-day moving average is $13.84 and its 200 day moving average is $13.94.

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Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be issued a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is currently 137.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Ethos Financial Group LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $25,000. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $39,000. Whipplewood Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth approximately $51,000. Finally, Kapitalo Investimentos Ltda boosted its position in Petróleo Brasileiro S.A. - Petrobras by 104.4% during the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after purchasing an additional 156,663 shares during the period.

About Petróleo Brasileiro S.A. - Petrobras

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.