Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Holdings Raised by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,266 shares of the oil and gas exploration company’s stock after purchasing an additional 2,681 shares during the period. Atria Wealth Solutions Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $515,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Glenorchy Capital Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $419,000. Moneda S.A. Administradora General de Fondos raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 72.0% during the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock valued at $50,890,000 after acquiring an additional 1,334,225 shares in the last quarter. Rakuten Securities Inc. bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $598,000. Aurora Private Wealth Inc. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth $204,000. Finally, Beverly Hills Private Wealth LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 19.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 17,212 shares of the oil and gas exploration company’s stock valued at $275,000 after purchasing an additional 2,789 shares during the last quarter.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of recent research reports. Morgan Stanley downgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 11th. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, March 25th. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a report on Friday, March 8th. Finally, UBS Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $16.43 on Monday. The business’s 50 day moving average is $15.88 and its 200-day moving average is $15.95. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.03 and a twelve month high of $17.91.

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 EPS for the quarter, beating the consensus estimate of $1.12 by $0.15. The firm had revenue of $27.11 billion for the quarter, compared to analysts’ expectations of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Equities research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.6 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 6th will be paid a dividend of $0.3406 per share. This represents a yield of 16.25%. The ex-dividend date of this dividend is Friday, May 3rd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 21.99%.

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 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.