Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,436 shares of the oil and gas exploration company’s stock after selling 3,280 shares during the period. Sigma Planning Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at about $30,000. ORG Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,679 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth about $32,000. Finally, Bogart Wealth LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $14.12 on Friday. The stock’s 50-day moving average is $14.28 and its two-hundred day moving average is $14.75. 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 has a 1 year low of $12.90 and a 1 year high of $17.91. The firm has a market cap of $92.09 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.21 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.227 per share. This represents a yield of 16.3%. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 38.67%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PBR shares. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Finally, 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 report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

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.