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

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has received an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $17.81.

A number of equities analysts have weighed in on PBR shares. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of large investors have recently added to or reduced their stakes in PBR. Dodge & Cox increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% in the fourth quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock valued at $222,000 after purchasing an additional 800 shares during the last quarter. Sonora Investment Management Group LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 6.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after buying an additional 1,000 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock worth $303,000 after acquiring an additional 1,164 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth quarter. Samalin Investment Counsel LLC now owns 14,194 shares of the oil and gas exploration company’s stock worth $183,000 after acquiring an additional 1,269 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock valued at $559,000 after purchasing an additional 1,381 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $11.53 on Tuesday. The stock has a market cap of $74.30 billion, a PE ratio of 4.50, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. The stock has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $13.63. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $17.44. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be paid a $0.2403 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 138.79%.

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.