Moran Wealth Management LLC Decreases Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Moran Wealth Management LLC decreased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 1.6% in the third quarter, Holdings Channel.com reports. The firm owned 413,270 shares of the oil and gas exploration company’s stock after selling 6,876 shares during the period. Moran Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $5,955,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MAS Advisors LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.0% in the 2nd quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock valued at $219,000 after acquiring an additional 720 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake 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 worth $34,000 after buying an additional 945 shares during the period. Toronto Dominion Bank raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 15.5% during the 1st quarter. Toronto Dominion Bank now owns 7,226 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 970 shares during the last quarter. Ascent Group LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 9.2% during the 1st quarter. Ascent Group LLC now owns 12,841 shares of the oil and gas exploration company’s stock valued at $195,000 after buying an additional 1,083 shares during the period. Finally, Aprio Wealth Management LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 7.2% during the second quarter. Aprio Wealth Management LLC now owns 16,668 shares of the oil and gas exploration company’s stock worth $242,000 after purchasing an additional 1,115 shares during the period.

Analysts Set New Price Targets

PBR has been the subject of a number of research analyst reports. Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.5 %

PBR stock opened at $14.29 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91. The business has a fifty day moving average price of $14.24 and a 200-day moving average price of $14.66.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, December 27th will be given a $0.227 dividend. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date of this dividend is Friday, December 27th. This represents a yield of 16.3%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 33.59%.

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.