Whittier Trust Co. of Nevada Inc. Purchases 3,690 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Whittier Trust Co. of Nevada Inc. raised its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 30.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,698 shares of the oil and gas exploration company’s stock after buying an additional 3,690 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $227,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Whittier Trust Co. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 9.5% in the 2nd quarter. Whittier Trust Co. now owns 47,721 shares of the oil and gas exploration company’s stock worth $691,000 after buying an additional 4,152 shares during the period. Atomi Financial Group Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 33.1% in the 2nd quarter. Atomi Financial Group Inc. now owns 52,263 shares of the oil and gas exploration company’s stock valued at $757,000 after purchasing an additional 12,999 shares during the period. Bank of New York Mellon Corp boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,632 shares of the oil and gas exploration company’s stock valued at $2,197,000 after purchasing an additional 10,355 shares during the period. Traynor Capital Management Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 17.7% in the 2nd quarter. Traynor Capital Management Inc. now owns 13,730 shares of the oil and gas exploration company’s stock valued at $199,000 after purchasing an additional 2,062 shares during the period. Finally, Boyd Wealth Management LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at $278,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on PBR. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.80 to $17.90 in a report on Thursday, June 27th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $20.00 in a report on Monday. Jefferies Financial Group downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and cut their price target for the company from $21.20 to $17.70 in a report on Wednesday, May 15th. The Goldman Sachs Group lowered their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, UBS Group lowered their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and an average target price of $17.63.

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

NYSE:PBR traded down $0.32 during trading hours on Thursday, reaching $15.28. The company’s stock had a trading volume of 9,440,198 shares, compared to its average volume of 18,489,043. The firm has a market capitalization of $99.66 billion, a price-to-earnings ratio of 4.42, a PEG ratio of 0.18 and a beta of 1.41. The firm has a 50-day simple moving average of $14.60 and a 200-day simple moving average of $15.40. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be given a $0.165 dividend. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 25.00%.

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 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.