Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a hold rating to a buy rating in a report issued on Wednesday.

A number of other analysts have also recently issued reports on the stock. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $12.12 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $78.11 billion, a PE ratio of 4.73, a price-to-earnings-growth ratio of 0.18 and a beta of 0.87. The company has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $13.31. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $11.03 and a 12-month high of $15.73.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be issued a $0.2403 dividend. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 78.36%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several institutional investors and hedge funds have recently bought and sold shares of PBR. Retireful LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $167,000. Annex Advisory Services LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after purchasing an additional 542,118 shares during the last quarter. Perpetual Ltd grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after purchasing an additional 163,668 shares during the last quarter. Viking Fund Management LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $257,000. Finally, SG Americas Securities LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after purchasing an additional 309,112 shares during the last quarter.

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.