TD Private Client Wealth LLC Lowers Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

TD Private Client Wealth LLC reduced its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,579 shares of the oil and gas exploration company’s stock after selling 1,622 shares during the quarter. TD Private Client Wealth LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $175,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PBR. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $25,000. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $51,000. Finally, Sunbelt Securities Inc. raised its position in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after purchasing an additional 5,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Up 2.0 %

NYSE PBR opened at $14.25 on Wednesday. The stock has a market cap of $91.83 billion, a P/E ratio of 5.57, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44. The stock has a 50 day simple moving average of $13.82 and a two-hundred day simple moving average of $13.94. 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 Cuts Dividend

The business also recently disclosed 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 is Tuesday, April 22nd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 137.93%.

Analyst Ratings Changes

PBR has been the subject of several analyst reports. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. HSBC upgraded 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong 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 $17.81.

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.