Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Down 0.6% – Here’s What Happened

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s share price fell 0.6% on Monday . The stock traded as low as $14.04 and last traded at $14.08. 2,371,025 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 16,536,213 shares. The stock had previously closed at $14.16.

Analyst Ratings Changes

PBR has been the topic of a number of research analyst reports. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, March 5th. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.7 %

The firm has a 50-day moving average of $13.79 and a two-hundred day moving average of $13.95. The firm has a market cap of $89.74 billion, a price-to-earnings ratio of 5.44, a PEG ratio of 0.18 and a beta of 1.39. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which will be paid on Friday, June 27th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds have recently modified their holdings of PBR. GQG Partners LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% during the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock worth $3,050,855,000 after purchasing an additional 6,016,560 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 16.4% in the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after acquiring an additional 3,072,312 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after acquiring an additional 68,337 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $141,372,000. Finally, Perpetual Ltd boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% in the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after purchasing an additional 163,668 shares in the last quarter.

About Petróleo Brasileiro S.A. – Petrobras

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.