Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Sees Large Growth in Short Interest

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 31,410,000 shares, a growth of 23.6% from the December 15th total of 25,410,000 shares. Based on an average daily volume of 14,580,000 shares, the days-to-cover ratio is currently 2.2 days.

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

PBR stock traded down $0.08 during midday trading on Friday, reaching $13.71. The stock had a trading volume of 9,978,850 shares, compared to its average volume of 11,723,927. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91. The business has a fifty day simple moving average of $13.71 and a two-hundred day simple moving average of $14.25. 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 Cuts Dividend

The business also recently declared a — dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.5338 dividend. The ex-dividend date was Friday, December 13th. This represents a dividend yield of 18.8%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 58.20%.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several hedge funds have recently added to or reduced their stakes in the stock. MAS Advisors LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 5.0% during the 2nd quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock worth $219,000 after acquiring an additional 720 shares during the last quarter. Rosenberg Matthew Hamilton lifted its position 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 acquiring an additional 945 shares in the last quarter. Ascent Group LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.2% in the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after purchasing an additional 1,044 shares during the period. Aprio Wealth Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 8.1% in the 3rd quarter. Aprio Wealth Management LLC now owns 18,013 shares of the oil and gas exploration company’s stock valued at $260,000 after purchasing an additional 1,345 shares during the period. Finally, OneDigital Investment Advisors LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 12.6% in the third 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on PBR. Hsbc Global Res lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. JPMorgan Chase & Co. upgraded 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 research report on Wednesday, September 25th. Finally, The Goldman Sachs Group increased their target price on 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.