Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 73.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 66,239 shares of the oil and gas exploration company’s stock after selling 179,939 shares during the period. Quantbot Technologies LP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at $30,000. ORG Partners LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth about $32,000. Finally, Bogart Wealth LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 2,000 shares during the period.

Analysts Set New Price Targets

Several research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a research report on Monday, August 26th. The Goldman Sachs Group lifted their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, UBS Group cut their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.6 %

PBR opened at $14.28 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company has a market capitalization of $93.14 billion, a PE ratio of 5.58, a P/E/G ratio of 0.22 and a beta of 1.39. The stock’s fifty day moving average is $14.23 and its 200-day moving average is $14.53. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 56.25%.

Petróleo Brasileiro S.A. – Petrobras 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.