Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton boosted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 65.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,391 shares of the oil and gas exploration company’s stock after buying an additional 945 shares during the period. Rosenberg Matthew Hamilton’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter worth approximately $30,000. ORG Partners LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at $32,000. Finally, Bogart Wealth LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 2,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $13.45 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The business’s 50-day simple moving average is $14.61 and its 200 day simple moving average is $14.95. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. Research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 2.52 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.165 per share. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. This represents a yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 34.68%.

Analyst Ratings Changes

PBR has been the topic of several research reports. UBS Group cut their target price 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. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. Finally, Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average target price of $18.20.

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.