Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) PT Lowered to $18.10 at UBS Group

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) had its target price lowered by UBS Group from $19.40 to $18.10 in a report issued on Monday morning, Benzinga reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Several other brokerages also recently weighed in on PBR. The Goldman Sachs Group reduced their price target on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a buy rating on the stock in a report on Tuesday, August 13th. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a neutral rating to a buy rating and raised their price objective for the stock from $16.80 to $17.90 in a report on Thursday, June 27th. Finally, Jefferies Financial Group downgraded Petróleo Brasileiro S.A. – Petrobras from a buy rating to a hold rating and reduced their price objective for the stock from $21.20 to $17.70 in a report on Wednesday, May 15th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $17.34.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $14.86 on Monday. The company has a current ratio of 0.90, a quick ratio of 0.81 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average price is $14.49 and its 200-day moving average price is $15.48. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.165 per share. This represents a yield of 15.4%. The ex-dividend date is Friday, August 23rd. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 26.45%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.4% in the 1st quarter. Checchi Capital Advisers LLC now owns 26,509 shares of the oil and gas exploration company’s stock worth $403,000 after purchasing an additional 615 shares in the last quarter. M&T Bank Corp boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in the 4th quarter. M&T Bank Corp now owns 26,091 shares of the oil and gas exploration company’s stock worth $417,000 after purchasing an additional 661 shares in the last quarter. Founders Capital Management boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.5% in the 1st quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock worth $71,000 after purchasing an additional 700 shares in the last quarter. MAS Advisors LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.0% in the 2nd quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock worth $219,000 after purchasing an additional 720 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 1.7% in the 1st quarter. Whittier Trust Co. now owns 43,569 shares of the oil and gas exploration company’s stock worth $663,000 after purchasing an additional 725 shares in the last quarter.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.