Sunbelt Securities Inc. Has $87,000 Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sunbelt Securities Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 497.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,005 shares of the oil and gas exploration company’s stock after buying an additional 5,000 shares during the quarter. Sunbelt Securities Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $87,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $30,000. ORG Partners LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,679 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at $32,000. Bogart Wealth LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 571.4% during the third 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. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 945 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $13.61 on Monday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The business has a fifty day moving average price of $14.10 and a two-hundred day moving average price of $14.47.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.5338 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is 35.94%.

Analyst Ratings Changes

PBR has been the subject of a number of research reports. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. UBS Group reduced their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a report on Monday, August 19th. The Goldman Sachs Group increased their target price on 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 lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.