Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Activest Wealth Management

Activest Wealth Management increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 67.9% in the third quarter, Holdings Channel reports. The firm owned 6,430 shares of the oil and gas exploration company’s stock after buying an additional 2,600 shares during the quarter. Activest Wealth Management’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $93,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $27,000 after buying an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at approximately $30,000. ORG Partners LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 396.0% during 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 during the period. 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 increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in 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 during the period.

Wall Street Analysts Forecast Growth

PBR has been the topic of a number of analyst reports. UBS Group lowered 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 report on Monday, August 19th. Hsbc Global Res lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their price objective 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. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note 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 upped their target price for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.4 %

NYSE:PBR traded down $0.20 on Thursday, reaching $14.08. The stock had a trading volume of 1,037,765 shares, compared to its average volume of 17,553,656. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91. The firm’s fifty day moving average is $14.24 and its two-hundred day moving average is $14.66. 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 Increases Dividend

The company also recently announced 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 of this dividend is Friday, December 27th. This represents a yield of 16.3%. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) 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.