B. Riley Wealth Advisors Inc. Reduces Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

B. Riley Wealth Advisors Inc. reduced its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 43.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,848 shares of the oil and gas exploration company’s stock after selling 8,369 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% in the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after purchasing an additional 1,835,297 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 23.0% during the second quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock worth $144,124,000 after purchasing an additional 1,889,313 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth about $141,372,000. Encompass Capital Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth about $73,174,000. Finally, Victory Capital Management Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 38.4% in the 2nd quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock valued at $54,278,000 after buying an additional 1,039,700 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PBR shares. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $20.00 in a report on Monday, August 26th. The Goldman Sachs Group increased 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, November 12th. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $16.50 to $19.00 in a research note on Wednesday, September 25th. 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. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.24.

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

PBR stock opened at $13.04 on Monday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.77 and a one year high of $17.91. The firm has a market cap of $85.05 billion, a PE ratio of 5.09, a PEG ratio of 0.22 and a beta of 1.41. The firm’s 50 day moving average price is $13.93 and its 200-day moving average price is $14.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.5338 dividend. The ex-dividend date is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 65.23%.

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.