Advisors Preferred LLC Decreases Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Advisors Preferred LLC lowered its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 87.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,547 shares of the oil and gas exploration company’s stock after selling 17,292 shares during the period. Advisors Preferred LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at $51,000. Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $39,000. Tyche Wealth Partners LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $228,000. Ping Capital Management Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 50.7% during the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after acquiring an additional 26,900 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $162,000.

Analysts Set New Price Targets

PBR has been the topic of several analyst reports. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group raised their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $13.71 on Friday. The company has a market cap of $88.69 billion, a P/E ratio of 5.35, a P/E/G ratio of 0.17 and a beta of 1.40. 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 stock has a 50-day moving average of $13.61 and a two-hundred day moving average of $14.14. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

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.