West Family Investments Inc. Has $316,000 Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

West Family Investments Inc. lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.9% during the third quarter, Holdings Channel reports. The firm owned 21,933 shares of the oil and gas exploration company’s stock after purchasing an additional 1,790 shares during the quarter. West Family Investments Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $316,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its position in Petróleo Brasileiro S.A. – Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after buying an additional 41,447 shares during the period. Mackenzie Financial Corp raised its position in 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 buying an additional 39,682 shares during the period. Diversified Trust Co raised its position in Petróleo Brasileiro S.A. – Petrobras by 127.1% during the second quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock valued at $1,987,000 after buying an additional 76,752 shares during the period. Creative Planning raised its position in Petróleo Brasileiro S.A. – Petrobras by 31.6% during the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after buying an additional 37,181 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at $1,521,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PBR shares. HSBC downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. UBS Group cut their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. 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, Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.6 %

Shares of NYSE:PBR opened at $14.22 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.90 and a 12 month high of $17.91. The company’s 50-day moving average price is $14.25 and its two-hundred day moving average price is $14.66. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market cap of $92.71 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.21 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Thursday, March 27th. Stockholders of record on Friday, December 27th will be paid a $0.227 dividend. This represents a dividend yield of 16.3%. The ex-dividend date is Friday, December 27th. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.17. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 38.67%.

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.