Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Atria Investments Inc

Atria Investments Inc lessened its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 33.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,000 shares of the oil and gas exploration company’s stock after selling 21,631 shares during the quarter. Atria Investments Inc’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $620,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% in the 3rd quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company’s stock worth $13,543,000 after buying an additional 43,433 shares during the period. Fiera Capital Corp raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 59.8% in the 3rd quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company’s stock worth $1,443,000 after purchasing an additional 37,475 shares during the period. Summit Global Investments acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at about $1,625,000. KG&L Capital Management LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 32.9% during the 3rd quarter. KG&L Capital Management LLC now owns 43,600 shares of the oil and gas exploration company’s stock worth $628,000 after purchasing an additional 10,800 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PBR shares. 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. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. UBS Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, The Goldman Sachs Group raised their target price on 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 equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $14.22 on Wednesday. The business has a 50 day moving average price of $14.25 and a two-hundred day moving average price of $14.66. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91. The firm has a market cap of $92.71 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 0.21 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.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently disclosed a Variable dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.227 per share. This represents a yield of 16.3%. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date of this dividend is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 38.67%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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.