Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Price Target Raised to $15.00 at The Goldman Sachs Group

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) had its price target hoisted by The Goldman Sachs Group from $13.10 to $15.00 in a report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the oil and gas exploration company’s stock.

Several other equities analysts have also recently weighed in on PBR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, UBS Group boosted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $14.98.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.5%

NYSE PBR traded down $0.40 on Wednesday, reaching $15.44. The company had a trading volume of 8,157,493 shares, compared to its average volume of 26,292,816. The company’s fifty day moving average is $12.97 and its 200-day moving average is $12.61. The firm has a market capitalization of $99.47 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 0.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $16.02.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be given a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 21.30%.

Institutional Trading of Petroleo Brasileiro S.A.- Petrobras

A number of institutional investors have recently bought and sold shares of the business. Raiffeisen Bank International AG acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at approximately $1,067,000. Principal Securities Inc. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 25.7% in the 4th quarter. Principal Securities Inc. now owns 36,379 shares of the oil and gas exploration company’s stock valued at $431,000 after acquiring an additional 7,436 shares in the last quarter. Accuvest Global Advisors bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at $323,000. Empowered Funds LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 39.5% during the 4th quarter. Empowered Funds LLC now owns 17,079 shares of the oil and gas exploration company’s stock worth $202,000 after purchasing an additional 4,839 shares in the last quarter. Finally, Capital Wealth Planning LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 37.6% in the fourth quarter. Capital Wealth Planning LLC now owns 257,372 shares of the oil and gas exploration company’s stock worth $3,068,000 after purchasing an additional 70,355 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.