Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.24.

Several equities research analysts recently issued reports on the stock. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $18.00 to $20.00 in a research note on Monday, August 26th. UBS Group decreased their price target on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research note on Monday, August 19th. The Goldman Sachs Group raised their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Finally, HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cape Ann Asset Management Ltd boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 2.2% in the 3rd quarter. Cape Ann Asset Management Ltd now owns 347,910 shares of the oil and gas exploration company’s stock valued at $4,589,000 after purchasing an additional 7,600 shares during the period. Cerity Partners LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 143.5% in the third quarter. Cerity Partners LLC now owns 32,041 shares of the oil and gas exploration company’s stock valued at $462,000 after buying an additional 18,883 shares during the period. Activest Wealth Management grew its position in Petróleo Brasileiro S.A. – Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after buying an additional 2,600 shares in the last quarter. Banco Santander S.A. increased its stake in Petróleo Brasileiro S.A. – Petrobras by 3.2% during the third quarter. Banco Santander S.A. now owns 111,073 shares of the oil and gas exploration company’s stock valued at $1,601,000 after acquiring an additional 3,441 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at approximately $994,000.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $13.73 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $89.52 billion, a PE ratio of 5.36, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91. The company has a 50 day moving average price of $14.34 and a two-hundred day moving average price of $14.79.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, February 27th. Stockholders of record on Friday, December 27th will be given a $0.227 dividend. This represents a dividend yield of 16.3%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date of this dividend is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 33.59%.

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.