Financial Counselors Inc. Has $472,000 Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Financial Counselors Inc. increased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 54.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,784 shares of the oil and gas exploration company’s stock after buying an additional 11,507 shares during the quarter. Financial Counselors Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $472,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Janus Henderson Group PLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at $2,988,000. Atria Investments Inc grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 6.7% during the first quarter. Atria Investments Inc now owns 72,400 shares of the oil and gas exploration company’s stock worth $1,101,000 after purchasing an additional 4,518 shares during the period. Cetera Investment Advisers acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter worth approximately $2,994,000. Cetera Advisors LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 35.3% in the first quarter. Cetera Advisors LLC now owns 24,167 shares of the oil and gas exploration company’s stock valued at $368,000 after buying an additional 6,306 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after buying an additional 1,468 shares during the last quarter.

Wall Street Analysts Forecast Growth

PBR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price target for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group cut their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, The Goldman Sachs Group upped their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.6 %

Shares of NYSE:PBR opened at $14.28 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91. The company’s 50 day moving average price is $14.23 and its two-hundred day moving average price is $14.54. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 35.94%.

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.