Sunbelt Securities Inc. Has $87,000 Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sunbelt Securities Inc. grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 497.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,005 shares of the oil and gas exploration company’s stock after purchasing an additional 5,000 shares during the quarter. Sunbelt Securities Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $87,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% in the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after purchasing an additional 41,447 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock valued at $20,809,000 after acquiring an additional 39,682 shares during the last quarter. Creative Planning boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after acquiring an additional 37,181 shares during the last quarter. 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 worth $141,372,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter valued at $1,521,000.

Petróleo Brasileiro S.A. – Petrobras Trading Down 4.6 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.61 on Monday. The business’s 50 day simple moving average is $14.10 and its 200 day simple moving average is $14.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.90 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.5338 dividend. This represents a dividend yield of 18.8%. The ex-dividend date of this dividend is Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 35.94%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group cut 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 note on Monday, August 19th. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and upped their target price for the company from $16.50 to $19.00 in a research note on Wednesday, September 25th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. Finally, The Goldman Sachs Group upped their price objective on shares of 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras 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.