Tyche Wealth Partners LLC Acquires Shares of 17,717 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Tyche Wealth Partners LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 17,717 shares of the oil and gas exploration company’s stock, valued at approximately $228,000.

A number of other hedge funds have also recently bought and sold shares of the company. Ping Capital Management Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 50.7% in the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock valued at $1,029,000 after buying an additional 26,900 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $162,000. MAS Advisors LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 31.3% in the 4th quarter. MAS Advisors LLC now owns 19,840 shares of the oil and gas exploration company’s stock valued at $255,000 after buying an additional 4,732 shares during the last quarter. abrdn plc boosted its position in Petróleo Brasileiro S.A. – Petrobras by 2.7% in the 4th quarter. abrdn plc now owns 290,793 shares of the oil and gas exploration company’s stock valued at $3,708,000 after buying an additional 7,626 shares during the last quarter. Finally, Journey Strategic Wealth LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 17.0% in the 4th quarter. Journey Strategic Wealth LLC now owns 28,750 shares of the oil and gas exploration company’s stock valued at $370,000 after buying an additional 4,174 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $13.88 on Friday. The business’s 50-day moving average price is $13.63 and its two-hundred day moving average price is $14.15. 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 market cap of $89.77 billion, a PE ratio of 5.42, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on PBR. Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and an average price target of $18.24.

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.