Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 17,070 shares of the oil and gas exploration company’s stock after acquiring an additional 1,000 shares during the period. Sonora Investment Management Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PBR. ORG Partners LLC lifted its stake in shares of 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 worth $30,000 after acquiring an additional 1,679 shares during the period. Bogart Wealth LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 2,000 shares during the period. Rosenberg Matthew Hamilton lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 945 shares during the period. Sunbelt Securities Inc. lifted 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 acquiring an additional 5,000 shares during the period. Finally, Activest Wealth Management lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% in the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after acquiring an additional 2,600 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.7 %

NYSE PBR opened at $14.23 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.91. The company’s 50 day simple moving average is $13.68 and its 200 day simple moving average is $14.18. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company has a market capitalization of $92.04 billion, a P/E ratio of 5.56, a PEG ratio of 0.17 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.5338 per share. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 58.20%.

Analysts Set New Price Targets

PBR has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of 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 Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a 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. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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.