TD Waterhouse Canada Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) by 105.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 83,087 shares of the oil and gas exploration company’s stock after buying an additional 42,604 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $31,000. Ascentis Independent Advisors bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $51,000. Harbor Investment Advisory LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $54,000. NFSG Corp boosted its position in Petroleo Brasileiro S.A.- Petrobras by 153.8% in the third quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock worth $86,000 after purchasing an additional 2,500 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the third quarter worth about $97,000.
Petroleo Brasileiro S.A.- Petrobras Trading Down 0.1%
PBR stock opened at $25.68 on Thursday. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.43 and a 1-year high of $26.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.85 and a quick ratio of 0.58. The company has a market capitalization of $165.47 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 2.29 and a beta of 0.29. The business has a 50 day simple moving average of $21.33 and a two-hundred day simple moving average of $19.76.
Petroleo Brasileiro S.A.- Petrobras Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.2649 per share. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 10.86%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. increased their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Finally, UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Moderate Buy” and a consensus target price of $20.97.
Get Our Latest Research Report on Petroleo Brasileiro S.A.- Petrobras
Petroleo Brasileiro S.A.- Petrobras Profile
Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.
Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.
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