Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Stock Price Down 6.2% - Should You Sell?

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) dropped 6.2% during mid-day trading on Monday . The stock traded as low as $12.24 and last traded at $12.31. Approximately 11,498,367 shares changed hands during trading, a decline of 31% from the average daily volume of 16,640,170 shares. The stock had previously closed at $13.13.

Analyst Ratings Changes

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

Petróleo Brasileiro S.A. - Petrobras Trading Up 2.2 %

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 firm has a market cap of $74.40 billion, a price-to-earnings ratio of 4.51, a PEG ratio of 0.18 and a beta of 0.94. The business has a fifty day simple moving average of $13.56 and a 200-day simple moving average of $13.78.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The firm 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 is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is presently 138.79%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. - Petrobras

A number of institutional investors have recently added to or reduced their stakes in PBR. Truffle Hound Capital LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $2,572,000. Capital Wealth Planning LLC raised its position in Petróleo Brasileiro S.A. - Petrobras by 27.0% during the 4th quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company's stock worth $4,408,000 after purchasing an additional 72,930 shares during the last quarter. Ted Buchan & Co lifted its holdings in Petróleo Brasileiro S.A. - Petrobras by 60.9% during the 4th quarter. Ted Buchan & Co now owns 216,399 shares of the oil and gas exploration company's stock worth $2,783,000 after buying an additional 81,867 shares during the period. RWC Asset Management LLP grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock valued at $27,558,000 after buying an additional 190,435 shares during the last quarter. Finally, GQG Partners LLC increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock valued at $3,050,855,000 after buying an additional 6,016,560 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.