Congress Wealth Management LLC DE Decreases Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Congress Wealth Management LLC DE decreased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 34.4% in the fourth quarter, HoldingsChannel reports. The firm owned 23,521 shares of the oil and gas exploration company’s stock after selling 12,354 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $302,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 143.5% during the 3rd quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company’s stock valued at $462,000 after buying an additional 18,883 shares in the last quarter. FORA Capital LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at $408,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the third quarter worth $141,372,000. Financial Counselors Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 54.1% during the third quarter. Financial Counselors Inc. now owns 32,784 shares of the oil and gas exploration company’s stock valued at $472,000 after purchasing an additional 11,507 shares in the last quarter. Finally, Point72 Europe London LLP bought a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $2,964,000.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR opened at $14.39 on Friday. 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 business has a fifty day moving average of $13.85 and a 200 day moving average of $13.93. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The stock has a market cap of $92.70 billion, a P/E ratio of 5.62, a PEG ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Analyst Upgrades and Downgrades

PBR has been the topic of several recent 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 research report on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.81.

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.