Janney Montgomery Scott LLC Cuts Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Janney Montgomery Scott LLC trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRFree Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,741 shares of the oil and gas exploration company’s stock after selling 2,051 shares during the period. Janney Montgomery Scott LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Kestra Advisory Services LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 29.4% during the third quarter. Kestra Advisory Services LLC now owns 26,485 shares of the oil and gas exploration company’s stock valued at $397,000 after purchasing an additional 6,012 shares in the last quarter. Dfpg Investments LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 60.1% during the 4th quarter. Dfpg Investments LLC now owns 37,734 shares of the oil and gas exploration company’s stock valued at $626,000 after buying an additional 14,164 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $1,375,000. Sapient Capital LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $421,000. Finally, HighTower Advisors LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 21.1% during the third quarter. HighTower Advisors LLC now owns 44,666 shares of the oil and gas exploration company’s stock worth $666,000 after acquiring an additional 7,770 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. UBS Group raised their price objective on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research note on Monday, March 25th. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note 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 research note on Monday, March 25th. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Friday, March 8th. Finally, Jefferies Financial Group lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the stock from $21.20 to $17.70 in a research note on Wednesday, May 15th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

Get Our Latest Research Report on Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.4 %

Shares of NYSE:PBR opened at $15.55 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.81. The business’s 50 day moving average is $15.93 and its 200 day moving average is $15.99. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $11.47 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Free Report) last posted its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). The firm had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 31.07% and a net margin of 22.46%. During the same period in the previous year, the company posted $1.11 EPS. Sell-side analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.57 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, June 13th will be issued a $0.0288 dividend. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 24.42%.

Petróleo Brasileiro S.A. – Petrobras Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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