Blueshift Asset Management LLC Raises Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Blueshift Asset Management LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 51.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 34,896 shares of the oil and gas exploration company’s stock after purchasing an additional 11,825 shares during the period. Blueshift Asset Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in PBR. MAS Advisors LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 5.0% during the 2nd quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock valued at $219,000 after purchasing an additional 720 shares during the period. Rosenberg Matthew Hamilton raised its stake in Petróleo Brasileiro S.A. – Petrobras by 65.4% in the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 7.2% during the second quarter. Aprio Wealth Management LLC now owns 16,668 shares of the oil and gas exploration company’s stock worth $242,000 after buying an additional 1,115 shares during the period. D Orazio & Associates Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 9.7% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,803 shares of the oil and gas exploration company’s stock valued at $229,000 after acquiring an additional 1,396 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 12.6% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock valued at $181,000 after acquiring an additional 1,407 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price target for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. The Goldman Sachs Group boosted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group reduced their price target on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 2.1 %

NYSE:PBR opened at $14.36 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.90 and a twelve month high of $17.91. The company’s 50 day moving average is $14.24 and its two-hundred day moving average is $14.57.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.5338 per share. This represents a dividend yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 30.08%.

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 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.