Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,305 shares of the oil and gas exploration company’s stock after selling 26,000 shares during the quarter. Henry James International Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,905,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PBR. Sound Income Strategies LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $45,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $85,000. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $106,000. Payden & Rygel Investment Group purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $153,000. Finally, Channel Wealth LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $153,000.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR traded down $0.56 during mid-day trading on Friday, reaching $16.43. The company had a trading volume of 26,048,446 shares, compared to its average volume of 20,169,522. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.03 and a twelve month high of $17.91. The stock’s 50 day moving average is $15.88 and its 200-day moving average is $15.95.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.15. The company had revenue of $27.11 billion for 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%. Equities analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.6 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Analysts Set New Price Targets

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

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.