Centric Wealth Management Grows Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Centric Wealth Management increased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 30.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 112,699 shares of the oil and gas exploration company’s stock after acquiring an additional 26,000 shares during the quarter. Centric Wealth Management’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth $30,000. ORG Partners LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 396.0% during the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at about $32,000. Finally, Bogart Wealth LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 2,000 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. UBS Group lowered their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a report on Monday, August 19th. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 2.1 %

NYSE PBR opened at $14.36 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The business has a fifty day moving average price of $14.23 and a 200 day moving average price of $14.57. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 35.94%.

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.