Investors Buy Large Volume of Call Options on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the recipient of unusually large options trading on Thursday. Stock investors bought 132,963 call options on the stock. This is an increase of 390% compared to the typical volume of 27,132 call options.

Petróleo Brasileiro S.A. – Petrobras Trading Down 2.4 %

PBR opened at $14.26 on Friday. The firm has a 50 day simple moving average of $14.15 and a 200 day simple moving average of $14.49. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91. The company has a market cap of $92.97 billion, a price-to-earnings ratio of 5.57, a price-to-earnings-growth ratio of 0.22 and a beta of 1.41. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.5338 dividend. The ex-dividend date is Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 56.25%.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. UBS Group cut their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a report on Monday, August 19th. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $18.00 to $20.00 in a research report on Monday, August 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at about $141,372,000. Encompass Capital Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at about $73,174,000. Mondrian Investment Partners LTD grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 23.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock valued at $144,124,000 after purchasing an additional 1,889,313 shares during the period. Fisher Asset Management LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock worth $227,961,000 after purchasing an additional 1,835,297 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 38.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock worth $54,278,000 after buying an additional 1,039,700 shares during the period.

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.