Brokerages Set Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Price Target at $17.47

Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) have been given an average rating of “Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.47.

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 target price on the stock in a report on Thursday, May 15th. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. StockNews.com upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.9%

Shares of NYSE PBR opened at $11.92 on Friday. The stock has a market capitalization of $76.78 billion, a P/E ratio of 4.65, a P/E/G ratio of 0.18 and a beta of 0.87. The company has a 50-day moving average price of $12.39 and a 200-day moving average price of $13.26. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. 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 Increases Dividend

The firm also recently declared a — dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be given a dividend of $0.2806 per share. This represents a dividend yield of 17.6%. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 82.09%.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds have recently bought and sold shares of the business. GQG Partners LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.0% during the 1st quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock valued at $3,672,458,000 after purchasing an additional 18,862,848 shares during the last quarter. Lazard Asset Management LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock valued at $279,779,000 after buying an additional 3,072,312 shares during the period. Fisher Asset Management LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock worth $204,319,000 after buying an additional 68,337 shares during the last quarter. ARGA Investment Management LP increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.3% during the first quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock worth $158,258,000 after buying an additional 38,312 shares during the last quarter. Finally, Carrhae Capital LLP bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the first quarter worth about $64,765,000.

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.