Traders Purchase Large Volume of Call Options on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the target of unusually large options trading on Thursday. Stock traders bought 1,509,038 call options on the stock. This represents an increase of approximately 2,274% compared to the typical daily volume of 63,554 call options.

Wall Street Analysts Forecast Growth

Several research firms have commented on PBR. UBS Group upped their price objective on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research report on Monday, March 25th. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Friday, March 8th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, March 25th. Finally, Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Monday, March 11th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.76.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of hedge funds and other institutional investors have recently modified their holdings of PBR. AE Wealth Management LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 350.9% in the 3rd quarter. AE Wealth Management LLC now owns 48,312 shares of the oil and gas exploration company’s stock worth $724,000 after acquiring an additional 37,598 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth $184,000. P&S Credit Management L.P. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth $1,349,000. Commonwealth Equity Services LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 59.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 516,399 shares of the oil and gas exploration company’s stock worth $7,741,000 after acquiring an additional 192,327 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 457.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 289,634 shares of the oil and gas exploration company’s stock worth $4,342,000 after acquiring an additional 237,670 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR opened at $17.06 on Friday. The business has a fifty day moving average price of $15.94 and a 200 day moving average price of $15.90. Petróleo Brasileiro S.A. – Petrobras has a one year low of $10.01 and a one year high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The firm had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. On average, equities research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, April 29th will be paid a $0.2084 dividend. This represents a $0.83 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend is Friday, April 26th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 12.83%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.