Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Upgraded at StockNews.com

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

PBR has been the subject of a number of other reports. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $17.47.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.2%

NYSE PBR opened at $12.03 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average is $12.45 and its 200 day moving average is $13.29. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The stock has a market cap of $77.49 billion, a PE ratio of 4.70, a P/E/G ratio of 0.18 and a beta of 0.87.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PBR. Dodge & Cox boosted its position in Petróleo Brasileiro S.A. – Petrobras by 4.8% in the 4th quarter. Dodge & Cox now owns 17,300 shares of the oil and gas exploration company’s stock worth $222,000 after purchasing an additional 800 shares in the last quarter. Sonora Investment Management Group LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after buying an additional 1,000 shares in the last quarter. Freedom Investment Management Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 10.5% in the first quarter. Freedom Investment Management Inc. now owns 12,121 shares of the oil and gas exploration company’s stock valued at $174,000 after buying an additional 1,152 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock valued at $303,000 after acquiring an additional 1,164 shares during the period. Finally, Morningstar Investment Management LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.5% during the first quarter. Morningstar Investment Management LLC now owns 241,071 shares of the oil and gas exploration company’s stock valued at $3,457,000 after purchasing an additional 1,169 shares in 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.