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

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) traded down 0.6% on Monday . The stock traded as low as $14.04 and last traded at $14.08. 2,371,025 shares traded 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 Upgrades and Downgrades

PBR has been the topic of a number of research reports. HSBC upgraded shares of 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 Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

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

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 firm has a fifty day simple moving average of $13.79 and a 200 day simple moving average of $13.95. The company has a market cap of $89.74 billion, a PE ratio of 5.44, a PEG ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several institutional investors have recently bought and sold shares of PBR. Ethos Financial Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $25,000. Tandem Financial LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $39,000. Whipplewood Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $40,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $51,000. Finally, Kapitalo Investimentos Ltda increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after buying an additional 156,663 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.