Sanctuary Advisors LLC Acquires 2,147 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sanctuary Advisors LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.0% in the third quarter, HoldingsChannel reports. The fund owned 107,084 shares of the oil and gas exploration company’s stock after buying an additional 2,147 shares during the period. Sanctuary Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,596,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PBR. MAS Advisors LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 5.0% in the second quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock worth $219,000 after purchasing an additional 720 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 945 shares during the last quarter. Ascent Group LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after acquiring an additional 1,044 shares during the last quarter. Aprio Wealth Management LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 8.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 18,013 shares of the oil and gas exploration company’s stock worth $260,000 after purchasing an additional 1,345 shares during the period. Finally, D Orazio & Associates Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 9.7% in the second quarter. D Orazio & Associates Inc. now owns 15,803 shares of the oil and gas exploration company’s stock valued at $229,000 after purchasing an additional 1,396 shares during the last quarter.

Wall Street Analyst Weigh In

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

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

Shares of NYSE:PBR opened at $12.95 on Friday. The firm has a market capitalization of $84.46 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.22 and a beta of 1.41. 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 stock has a 50 day moving average price of $13.96 and a 200-day moving average price of $14.42. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.77 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.5338 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 65.23%.

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.