Petroleo Brasileiro S.A.- Petrobras $PBR Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 48.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,051 shares of the oil and gas exploration company’s stock after selling 10,285 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Morningstar Investment Management LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.5% in 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 buying an additional 1,169 shares during the last quarter. Vise Technologies Inc. grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 5.1% during the fourth quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company’s stock valued at $436,000 after purchasing an additional 1,633 shares during the last quarter. Redwood Park Advisors LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock valued at $53,000 after purchasing an additional 1,810 shares during the last quarter. Poehling Capital Management INC. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.8% in the 4th quarter. Poehling Capital Management INC. now owns 228,299 shares of the oil and gas exploration company’s stock worth $2,936,000 after buying an additional 1,870 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 3.6% in the 1st quarter. SeaCrest Wealth Management LLC now owns 58,125 shares of the oil and gas exploration company’s stock worth $834,000 after buying an additional 2,012 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.1%

PBR stock opened at $12.09 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $15.73. The company has a 50-day moving average of $12.57 and a two-hundred day moving average of $12.68. The stock has a market capitalization of $77.91 billion, a price-to-earnings ratio of 5.65 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The company had revenue of $21.04 billion during the quarter, compared to the consensus estimate of $20.78 billion. As a group, equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Monday, December 1st. Investors of record on Monday, August 25th will be given a $0.2471 dividend. This represents a yield of 1,750.0%. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 46.26%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PBR. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a report on Monday, June 9th. Jefferies Financial Group raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a research note on Thursday, May 15th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $17.40.

About Petroleo Brasileiro S.A.- Petrobras

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.