Perpetual Ltd Acquires 163,668 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Perpetual Ltd raised its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,315,957 shares of the oil and gas exploration company’s stock after purchasing an additional 163,668 shares during the period. Perpetual Ltd’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $42,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. ORG Partners LLC raised 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 worth $30,000 after purchasing an additional 1,679 shares during the period. Bogart Wealth LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the third 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. Rosenberg Matthew Hamilton lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 945 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after acquiring an additional 5,000 shares during the period. Finally, Activest Wealth Management increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 67.9% in the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 2,600 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $13.71 on Tuesday. The company’s 50 day simple moving average is $13.71 and its two-hundred day simple moving average is $14.25. 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 has a 1 year low of $12.55 and a 1 year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Analyst Ratings Changes

Several research firms have commented on PBR. The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-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 lifted their price objective for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. Finally, HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.24.

About Petróleo Brasileiro S.A. – Petrobras

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.