SG Americas Securities LLC raised its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 114.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 579,270 shares of the oil and gas exploration company's stock after purchasing an additional 309,112 shares during the period. SG Americas Securities LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $7,449,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in PBR. 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 worth $30,000 after acquiring an additional 1,679 shares during the last quarter. Bogart Wealth LLC boosted its holdings in shares of 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 last quarter. Rosenberg Matthew Hamilton grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 65.4% in 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 purchasing an additional 945 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% in 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 purchasing an additional 5,000 shares during the last quarter. Finally, Activest Wealth Management lifted 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 worth $93,000 after buying an additional 2,600 shares in the last quarter.
Petróleo Brasileiro S.A. - Petrobras Trading Down 0.4 %
Petróleo Brasileiro S.A. - Petrobras stock traded down $0.06 during trading on Friday, hitting $13.75. The company had a trading volume of 5,882,915 shares, compared to its average volume of 11,083,711. The stock has a market cap of $88.93 billion, a price-to-earnings ratio of 5.37, a price-to-earnings-growth ratio of 0.17 and a beta of 1.41. 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 1-year low of $12.55 and a 1-year high of $17.91. The company's 50 day simple moving average is $13.71 and its 200-day simple moving average is $14.23.
Petróleo Brasileiro S.A. - Petrobras Cuts Dividend
The company also recently announced a -- dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 58.20%.
Analyst Upgrades and Downgrades
Several research analysts have recently commented on PBR shares. The Goldman Sachs Group lifted their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. 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, HSBC cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and a consensus target price of $18.24.
Read Our Latest Stock Report on Petróleo Brasileiro S.A. - Petrobras
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.
Further Reading
Before you consider Petróleo Brasileiro S.A. - Petrobras, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Petróleo Brasileiro S.A. - Petrobras wasn't on the list.
While Petróleo Brasileiro S.A. - Petrobras currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
