Activest Wealth Management Sells 2,600 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Activest Wealth Management lowered its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 40.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,830 shares of the oil and gas exploration company’s stock after selling 2,600 shares during the quarter. Activest Wealth Management’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $49,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Rosenberg Matthew Hamilton lifted its holdings in shares of 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 worth $34,000 after buying an additional 945 shares during the period. Sonora Investment Management Group LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after acquiring an additional 1,000 shares during the period. Ascent Group LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after acquiring an additional 1,044 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 12.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock valued at $181,000 after purchasing an additional 1,407 shares during the period. Finally, Venture Visionary Partners LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 1.1% in the 3rd quarter. Venture Visionary Partners LLC now owns 144,315 shares of the oil and gas exploration company’s stock valued at $2,080,000 after purchasing an additional 1,621 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. 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 downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Finally, The Goldman Sachs Group upped 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 note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $13.71 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market cap of $88.69 billion, a PE ratio of 5.35, a P/E/G ratio of 0.17 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.91. The stock has a fifty day moving average price of $13.61 and a 200-day moving average price of $14.14.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid 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%.

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.