Stratos Wealth Partners LTD. Buys New Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Stratos Wealth Partners LTD. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,558 shares of the oil and gas exploration company’s stock, valued at approximately $162,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% during the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after purchasing an additional 41,447 shares in the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after purchasing an additional 265,560 shares in the last quarter. Creative Planning boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after acquiring an additional 37,181 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the third quarter worth approximately $141,372,000. Finally, GSA Capital Partners LLP bought a new position in Petróleo Brasileiro S.A. – Petrobras in the third quarter worth approximately $877,000.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $14.35 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $92.81 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.17 and a beta of 1.40. The stock has a 50 day moving average of $13.58 and a 200 day moving average of $14.12. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.5338 per share. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 58.20%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. The Goldman Sachs Group increased 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 Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras 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.