Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Rating of “Moderate Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat 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 1-year target price among brokerages that have issued ratings on the stock in the last year is $18.24.

A number of equities analysts have commented on the stock. Hsbc Global Res downgraded 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 target on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Finally, HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.7 %

NYSE PBR opened at $14.23 on Monday. The business’s fifty day simple moving average is $13.66 and its 200-day simple moving average is $14.17. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market cap of $92.04 billion, a PE ratio of 5.56, a P/E/G ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.55 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 58.20%.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds and other institutional investors have recently bought and sold shares of PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $141,372,000. 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 buying an additional 1,835,297 shares in the last quarter. Annex Advisory Services LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after buying an additional 542,118 shares during the period. SG Americas Securities LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the fourth quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after acquiring an additional 309,112 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after acquiring an additional 265,560 shares during the period.

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.