Alexander Labrunerie & CO. Inc. Sells 1,000 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Alexander Labrunerie & CO. Inc. decreased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,050 shares of the oil and gas exploration company’s stock after selling 1,000 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $129,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rosenberg Matthew Hamilton lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares in the last quarter. Sonora Investment Management Group LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 6.2% in the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after purchasing an additional 1,000 shares in the last quarter. Ascent Group LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.2% in the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after purchasing an additional 1,044 shares in the last quarter. Aprio Wealth Management LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 18,013 shares of the oil and gas exploration company’s stock worth $260,000 after purchasing an additional 1,345 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 worth $181,000 after buying an additional 1,407 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBR. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE:PBR opened at $14.14 on Wednesday. The company has a market capitalization of $91.45 billion, a price-to-earnings ratio of 5.52, a PEG ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.91. The firm’s 50-day moving average is $13.65 and its 200 day moving average is $14.16. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.5338 per share. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 58.20%.

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.