Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,750 shares of the oil and gas exploration company’s stock after acquiring an additional 4,174 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $370,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the third 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 period. Bogart Wealth LLC increased its holdings in 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 valued at $34,000 after buying an additional 2,000 shares in the last quarter. Rosenberg Matthew Hamilton boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 945 shares in the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% in the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 2,600 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have commented on PBR shares. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group increased 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. Finally, Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

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

Shares of PBR stock opened at $14.23 on Monday. The company has a market capitalization of $92.04 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.17 and a beta of 1.41. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $13.66 and a 200 day moving average price of $14.17. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.