Annex Advisory Services LLC Boosts Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Annex Advisory Services LLC raised its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 56.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,508,806 shares of the oil and gas exploration company’s stock after buying an additional 542,118 shares during the quarter. Annex Advisory Services LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $19,403,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. ORG Partners LLC increased its stake 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 period. Bogart Wealth LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 2,000 shares during the period. Rosenberg Matthew Hamilton raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 945 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of 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 buying an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% in the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock valued at $93,000 after buying an additional 2,600 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.5 %

Shares of PBR opened at $13.71 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. 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 50-day moving average of $13.71 and a two-hundred day moving average of $14.25.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 58.20%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on PBR shares. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. The Goldman Sachs Group raised their price objective on shares of 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. 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. Finally, Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

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.