Ping Capital Management Inc. increased its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 50.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,000 shares of the oil and gas exploration company's stock after purchasing an additional 26,900 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras makes up 0.2% of Ping Capital Management Inc.'s investment portfolio, making the stock its 24th biggest holding. Ping Capital Management Inc.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $1,029,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. ORG Partners LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 396.0% during the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company's stock valued at $30,000 after acquiring an additional 1,679 shares during the last quarter. Bogart Wealth LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 571.4% during 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 acquiring an additional 2,000 shares during the last quarter. Rosenberg Matthew Hamilton boosted its position in Petróleo Brasileiro S.A. - Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 945 shares during the last quarter. Sunbelt Securities Inc. boosted its position in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock valued at $87,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Activest Wealth Management boosted its position in Petróleo Brasileiro S.A. - Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock valued at $93,000 after acquiring an additional 2,600 shares during the last quarter.
Petróleo Brasileiro S.A. - Petrobras Stock Down 1.2 %
Shares of PBR traded down $0.16 on Friday, reaching $13.71. The company's stock had a trading volume of 16,494,164 shares, compared to its average volume of 10,953,442. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. - Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91. The stock has a market capitalization of $88.69 billion, a PE ratio of 5.35, a PEG ratio of 0.17 and a beta of 1.40. The firm has a fifty day moving average of $13.61 and a 200-day moving average of $14.14.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The firm also recently announced a -- dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.5338 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio is presently 58.20%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on PBR. 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. Hsbc Global Res lowered shares of Petróleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "hold" rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and an average target price of $18.24.
View Our Latest Report on PBR
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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