Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Ted Buchan & Co

Ted Buchan & Co lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 60.9% during the 4th quarter, Holdings Channel reports. The firm owned 216,399 shares of the oil and gas exploration company’s stock after buying an additional 81,867 shares during the period. Petróleo Brasileiro S.A. – Petrobras makes up about 1.3% of Ted Buchan & Co’s holdings, making the stock its 24th biggest position. Ted Buchan & Co’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,783,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ethos Financial Group LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $25,000. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $39,000. Whipplewood Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after acquiring an additional 5,000 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PBR. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. Finally, StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR stock opened at $13.03 on Friday. The stock’s 50-day moving average is $13.88 and its two-hundred day moving average is $13.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The firm has a market cap of $83.97 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 0.18 and a beta of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.2403 per share. This represents a yield of 19%. The ex-dividend date of this dividend is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 138.79%.

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.