Kestra Private Wealth Services LLC Buys 1,499 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Kestra Private Wealth Services LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,134 shares of the oil and gas exploration company’s stock after buying an additional 1,499 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $45,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth approximately $85,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth $106,000. Payden & Rygel Investment Group bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $153,000. Finally, Bank of Nova Scotia purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $162,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 2.3 %

NYSE PBR opened at $17.01 on Wednesday. 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 has a 1-year low of $10.64 and a 1-year high of $17.91. The business has a 50 day simple moving average of $15.85 and a two-hundred day simple moving average of $15.96.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The firm had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. On average, sell-side analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.6 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, May 6th will be paid a $0.3406 dividend. The ex-dividend date is Friday, May 3rd. This represents a dividend yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 21.73%.

Wall Street Analysts Forecast Growth

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

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.