Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Sigma Planning Corp

Sigma Planning Corp trimmed its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,436 shares of the oil and gas exploration company’s stock after selling 3,280 shares during the period. Sigma Planning Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $432,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PBR. EverSource Wealth Advisors LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after acquiring an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $30,000. ORG Partners LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter worth approximately $32,000. Finally, Bogart Wealth LLC lifted 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 buying an additional 2,000 shares in the last quarter.

Analyst Ratings Changes

PBR has been the subject of a number of recent research reports. The Goldman Sachs Group raised 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. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. UBS Group dropped their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research note on Monday, August 19th. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $16.50 to $19.00 in a research report on Wednesday, September 25th. Finally, Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

NYSE:PBR opened at $14.12 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91. The company has a quick ratio of 0.67, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock’s fifty day moving average is $14.28 and its two-hundred day moving average is $14.75. The stock has a market capitalization of $92.09 billion, a price-to-earnings ratio of 5.56, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Investors of record on Friday, December 27th will be issued a dividend of $0.227 per share. This represents a yield of 16.3%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. The ex-dividend date is Friday, December 27th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 38.67%.

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.