Atria Wealth Solutions Inc. Acquires 2,681 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Atria Wealth Solutions Inc. grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,266 shares of the oil and gas exploration company’s stock after acquiring an additional 2,681 shares during the period. Atria Wealth Solutions Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Glenorchy Capital Ltd bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $419,000. Moneda S.A. Administradora General de Fondos boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 72.0% during the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock worth $50,890,000 after acquiring an additional 1,334,225 shares during the last quarter. Rakuten Securities Inc. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $598,000. Aurora Private Wealth Inc. bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $204,000. Finally, Beverly Hills Private Wealth LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 19.3% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 17,212 shares of the oil and gas exploration company’s stock worth $275,000 after purchasing an additional 2,789 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Friday, March 8th. UBS Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 11th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Monday, March 25th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Stock Down 5.2 %

PBR stock opened at $16.43 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $10.03 and a 12 month high of $17.91. The company has a 50-day moving average price of $15.88 and a 200 day moving average price of $15.95. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to analyst estimates of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. On average, equities analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.6 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 6th will be given a $0.3406 dividend. This represents a yield of 16.25%. The ex-dividend date is Friday, May 3rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 21.99%.

Petróleo Brasileiro S.A. – Petrobras Profile

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.