Ativo Capital Management LLC Has $1.17 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ativo Capital Management LLC cut its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 15.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,115 shares of the oil and gas exploration company’s stock after selling 14,782 shares during the period. Ativo Capital Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,169,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rakuten Securities Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after purchasing an additional 41,447 shares during the period. Mackenzie Financial Corp boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock valued at $20,809,000 after buying an additional 39,682 shares in the last quarter. Diversified Trust Co grew its position in Petróleo Brasileiro S.A. – Petrobras by 127.1% in the second quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock valued at $1,987,000 after acquiring an additional 76,752 shares during the period. Creative Planning grew its position in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after acquiring an additional 37,181 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at $1,521,000.

Analysts Set New Price Targets

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

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR opened at $14.90 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company’s 50 day simple moving average is $14.25 and its 200-day simple moving average is $14.61. 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 Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, December 27th will be paid a $0.227 dividend. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. This represents a dividend yield of 16.3%. The ex-dividend date is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 30.08%.

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.