Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Consensus Rating of “Moderate Buy” from Analysts

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.24.

PBR has been the topic of a number of research analyst reports. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group increased their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, UBS Group decreased 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.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.6 %

NYSE PBR opened at $14.22 on Wednesday. The firm has a market cap of $92.71 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The stock’s 50-day moving average is $14.25 and its 200-day moving average is $14.66. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, December 27th will be given a $0.227 dividend. This represents a dividend yield of 16.3%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date of this dividend is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 38.67%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Hedge funds have recently made changes to their positions in the business. Fisher Asset Management LLC lifted its holdings 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 during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 23.0% during the 2nd quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock worth $144,124,000 after purchasing an additional 1,889,313 shares during 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 worth approximately $141,372,000. Encompass Capital Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $73,174,000. Finally, Victory Capital Management Inc. lifted 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 purchasing an additional 1,039,700 shares during the last quarter.

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.