Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Price Up 3.7% – What’s Next?

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) were up 3.7% during mid-day trading on Tuesday . The company traded as high as $14.39 and last traded at $14.49. Approximately 2,637,475 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 16,571,148 shares. The stock had previously closed at $13.97.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. HSBC upgraded shares of 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. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 2.6 %

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The business has a 50 day simple moving average of $13.80 and a 200 day simple moving average of $13.94. The stock has a market cap of $92.38 billion, a PE ratio of 5.58, a P/E/G ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 137.93%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Institutional investors and hedge funds have recently modified their holdings of the company. Fairtree Asset Management Pty Ltd acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $660,000. Comprehensive Money Management Services LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth $256,000. University of Texas Texas AM Investment Management Co. grew its position in Petróleo Brasileiro S.A. – Petrobras by 51.3% in the 4th quarter. University of Texas Texas AM Investment Management Co. now owns 191,051 shares of the oil and gas exploration company’s stock worth $2,457,000 after purchasing an additional 64,759 shares during the last quarter. Sunbelt Securities Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.0% during the 4th quarter. Sunbelt Securities Inc. now owns 10,031 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 4,026 shares during the period. Finally, GTS Securities LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $281,000.

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.