Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Holdings Lowered by Sigma Planning Corp

Sigma Planning Corp trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 77.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,617 shares of the oil and gas exploration company’s stock after selling 36,688 shares during the period. Sigma Planning Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Sound Income Strategies LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $45,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $85,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $106,000. Payden & Rygel Investment Group acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $153,000. Finally, Channel Wealth LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at about $153,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Friday, March 8th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Monday, March 25th. UBS Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $20.00 to $18.00 in a report on Monday, March 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.6 %

NYSE PBR opened at $17.32 on Tuesday. The company’s fifty day moving average is $15.93 and its two-hundred day moving average is $15.92. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $10.01 and a 52-week high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The business had revenue of $27.11 billion for the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. On average, sell-side analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.52 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, April 29th will be paid a $0.2084 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.81%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 21.20%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.