Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Average Recommendation of “Moderate Buy” by Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.28.

A number of research analysts have recently issued reports on PBR shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Oxbow Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 1.5% during the second quarter. Oxbow Advisors LLC now owns 457,176 shares of the oil and gas exploration company’s stock worth $7,388,000 after buying an additional 6,697 shares in the last quarter. First National Bank of Omaha raised its position in Petroleo Brasileiro S.A.- Petrobras by 5.1% in the 2nd quarter. First National Bank of Omaha now owns 430,336 shares of the oil and gas exploration company’s stock valued at $6,999,000 after buying an additional 20,945 shares during the last quarter. Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $1,027,000. OneDigital Investment Advisors LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 9.3% during the 2nd quarter. OneDigital Investment Advisors LLC now owns 15,406 shares of the oil and gas exploration company’s stock valued at $249,000 after acquiring an additional 1,309 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 27.6% during the 2nd quarter. GSA Capital Partners LLP now owns 23,305 shares of the oil and gas exploration company’s stock worth $377,000 after acquiring an additional 5,041 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock opened at $17.89 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The firm has a fifty day simple moving average of $17.63 and a two-hundred day simple moving average of $18.34. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.43 and a 12 month high of $22.24. The firm has a market capitalization of $115.26 billion, a PE ratio of 4.52, a price-to-earnings-growth ratio of 0.73 and a beta of 0.33.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, August 25th will be paid a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 8.59%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.