Congress Wealth Management LLC DE Reduces Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Congress Wealth Management LLC DE decreased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 34.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,521 shares of the oil and gas exploration company’s stock after selling 12,354 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $302,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ethos Financial Group LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during 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. boosted its stake in shares of 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 buying an additional 5,000 shares during the last quarter.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of research reports. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, HSBC raised shares of 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. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE PBR opened at $14.39 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.45 and a 1 year high of $17.44. The firm has a fifty day moving average price of $13.85 and a 200-day moving average price of $13.93. The stock has a market cap of $92.70 billion, a PE ratio of 5.62, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 137.93%.

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.