Ballentine Partners LLC Has $228,000 Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ballentine Partners LLC reduced its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,698 shares of the oil and gas exploration company’s stock after selling 1,418 shares during the period. Ballentine Partners LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 396.0% during 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 in the last quarter. Bogart Wealth LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd 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 during the period. Rosenberg Matthew Hamilton boosted its stake in 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 valued at $34,000 after buying an additional 945 shares in the last quarter. Sunbelt Securities Inc. grew its position in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares during the period. Finally, Activest Wealth Management raised its stake in Petróleo Brasileiro S.A. – Petrobras by 67.9% during the third 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 in the last quarter.

Wall Street Analyst Weigh In

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

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.5 %

PBR opened at $13.73 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The firm has a 50-day moving average price of $13.70 and a two-hundred day moving average price of $14.22. The stock has a market capitalization of $88.80 billion, a PE ratio of 5.36, a PEG ratio of 0.17 and a beta of 1.41. 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 business also recently disclosed a — dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.5338 dividend. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 58.20%.

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.