Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. decreased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 15.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,205 shares of the oil and gas exploration company’s stock after selling 2,087 shares during the quarter. Traynor Capital Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans increased its stake in Petróleo Brasileiro S.A. – Petrobras by 15.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company’s stock worth $2,558,000 after buying an additional 23,546 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 453.6% in the second quarter. Toronto Dominion Bank now owns 40,000 shares of the oil and gas exploration company’s stock worth $580,000 after acquiring an additional 32,774 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth approximately $73,174,000. Mackenzie Financial Corp raised its stake in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock valued at $20,809,000 after purchasing an additional 39,682 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 48.6% in the 2nd quarter. Kathmere Capital Management LLC now owns 26,407 shares of the oil and gas exploration company’s stock valued at $383,000 after purchasing an additional 8,641 shares in the last quarter.

Analyst Ratings Changes

PBR has been the subject of a number of recent research reports. The Goldman Sachs Group increased their target price on shares of 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. 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. Finally, HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.8 %

Shares of NYSE PBR opened at $13.77 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The company has a market capitalization of $89.06 billion, a P/E ratio of 5.38, a P/E/G ratio of 0.17 and a beta of 1.41. The company has a 50 day simple moving average of $13.71 and a 200-day simple moving average of $14.23. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.