Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 58.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 112,624 shares of the oil and gas exploration company’s stock after purchasing an additional 41,447 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for about 0.7% of Rakuten Securities Inc.’s holdings, making the stock its 26th biggest holding. Rakuten Securities Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,623,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of PBR. EverSource Wealth Advisors LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $30,000. ORG Partners LLC raised its holdings in 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 purchasing an additional 1,679 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter worth approximately $32,000. Finally, Bogart Wealth LLC boosted its stake 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 valued at $34,000 after purchasing an additional 2,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PBR. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. The Goldman Sachs Group dropped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Finally, UBS Group dropped their price target on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.62 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.90 and a 12 month high of $17.91. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. The stock has a market cap of $88.83 billion, a PE ratio of 5.32, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. The business has a fifty day simple moving average of $14.34 and a 200-day simple moving average of $14.79.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Thursday, February 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.227 per share. The ex-dividend date is Friday, December 27th. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 33.59%.

About Petróleo Brasileiro S.A. – Petrobras

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.