Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Receives Average Rating of “Buy” from Analysts

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have received a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $17.81.

Several brokerages have recently commented on PBR. 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. Hsbc Global Res upgraded 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 cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several hedge funds and other institutional investors have recently modified their holdings of the company. GQG Partners LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock valued at $3,050,855,000 after purchasing an additional 6,016,560 shares during the period. Lazard Asset Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 16.4% in the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after purchasing an additional 3,072,312 shares during the period. Fisher Asset Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock valued at $204,319,000 after purchasing an additional 68,337 shares during the period. Artemis Investment Management LLP raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock valued at $56,052,000 after purchasing an additional 905,800 shares during the period. Finally, Perpetual Ltd raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after purchasing an additional 163,668 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.3 %

Shares of NYSE PBR opened at $11.51 on Tuesday. 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 market cap of $74.17 billion, a PE ratio of 4.50, a P/E/G ratio of 0.18 and a beta of 0.94. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average of $12.98 and a two-hundred day moving average of $13.51.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.