Point72 Hong Kong Ltd Buys Shares of 7,959 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Point72 Hong Kong Ltd acquired a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,959 shares of the oil and gas exploration company’s stock, valued at approximately $115,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at approximately $141,372,000. Encompass Capital Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth $73,174,000. Mondrian Investment Partners LTD increased its stake in Petróleo Brasileiro S.A. – Petrobras by 23.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock worth $144,124,000 after buying an additional 1,889,313 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after acquiring an additional 1,835,297 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 38.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock valued at $54,278,000 after purchasing an additional 1,039,700 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Hsbc Global Res cut Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. The Goldman Sachs Group boosted their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. UBS Group reduced their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.2 %

Shares of NYSE PBR opened at $14.17 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91. The business’s 50 day moving average price is $14.21 and its 200 day moving average price is $14.52. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 35.94%.

Petróleo Brasileiro S.A. – Petrobras 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.