Traders Buy High Volume of Call Options on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the target of unusually large options trading on Thursday. Traders purchased 132,963 call options on the company. This represents an increase of 390% compared to the average daily volume of 27,132 call options.

Analyst Ratings Changes

A number of research firms have recently issued reports on PBR. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. Hsbc Global Res lowered 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 downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group lowered their target price on 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, The Goldman Sachs Group increased their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.24.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $141,372,000. Encompass Capital Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at $73,174,000. Mondrian Investment Partners LTD raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 23.0% in the second quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock valued at $144,124,000 after purchasing an additional 1,889,313 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock worth $227,961,000 after buying an additional 1,835,297 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of 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 worth $54,278,000 after buying an additional 1,039,700 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Down 2.4 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.26 on Friday. 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’s 50-day moving average is $14.15 and its 200-day moving average is $14.49. The firm has a market capitalization of $92.97 billion, a PE ratio of 5.57, a P/E/G ratio of 0.22 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a dividend of $0.5338 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 56.25%.

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.