OneDigital Investment Advisors LLC Raises Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

OneDigital Investment Advisors LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 12.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,549 shares of the oil and gas exploration company’s stock after purchasing an additional 1,407 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $181,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of PBR. EverSource Wealth Advisors LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after buying an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $30,000. ORG Partners LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $32,000. Finally, Bogart Wealth LLC boosted its position in shares of 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 purchasing an additional 2,000 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 5.3 %

NYSE:PBR opened at $14.90 on Friday. 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 $97.18 billion, a P/E ratio of 5.82, a P/E/G ratio of 0.21 and a beta of 1.39. 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 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $14.63.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

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

Analyst Upgrades and Downgrades

PBR has been the subject of a number of research reports. The Goldman Sachs Group increased their price objective 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. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. UBS Group dropped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.