Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Holdings Trimmed by Atomi Financial Group Inc.

Atomi Financial Group Inc. lowered its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 18.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 45,332 shares of the oil and gas exploration company’s stock after selling 10,450 shares during the period. Atomi Financial Group Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $583,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 15.4% during the second quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company’s stock valued at $2,558,000 after purchasing an additional 23,546 shares during the last quarter. Toronto Dominion Bank lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 453.6% during the second quarter. Toronto Dominion Bank now owns 40,000 shares of the oil and gas exploration company’s stock valued at $580,000 after purchasing an additional 32,774 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at $73,174,000. Mackenzie Financial Corp lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 2.8% during 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 purchasing an additional 39,682 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 48.6% during the second quarter. Kathmere Capital Management LLC now owns 26,407 shares of the oil and gas exploration company’s stock valued at $383,000 after purchasing an additional 8,641 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.8 %

PBR opened at $13.77 on Friday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The business has a 50-day moving average of $13.71 and a 200-day moving average of $14.23. 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 has a market capitalization of $89.06 billion, a PE ratio of 5.38, a price-to-earnings-growth ratio of 0.17 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.5338 per share. This represents a dividend 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%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PBR. Hsbc Global Res downgraded Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. The Goldman Sachs Group increased 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. Finally, HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.24.

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.