Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) PT at $18.24

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.24.

Several analysts have issued reports on the stock. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their target price for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. Finally, UBS Group reduced their target price 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.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

PBR opened at $14.12 on Wednesday. The firm has a 50 day moving average price of $14.28 and a 200 day moving average price of $14.75. The company has a market cap of $92.09 billion, a PE ratio of 5.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. 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 0.65, a quick ratio of 0.67 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, December 27th will be paid a $0.227 dividend. This represents a 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 (DPR) is presently 38.67%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rakuten Securities Inc. increased its stake in Petróleo Brasileiro S.A. – Petrobras by 58.2% in the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after purchasing an additional 41,447 shares in the last quarter. Mackenzie Financial Corp increased its stake in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock worth $20,809,000 after purchasing an additional 39,682 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 48.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,093 shares of the oil and gas exploration company’s stock worth $990,000 after purchasing an additional 21,352 shares in the last quarter. Diversified Trust Co increased its stake in Petróleo Brasileiro S.A. – Petrobras by 127.1% in the 2nd quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock worth $1,987,000 after purchasing an additional 76,752 shares in the last quarter. Finally, Creative Planning increased its stake in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after purchasing an additional 37,181 shares in the last quarter.

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 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.