Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Rating Lowered by Bank of America

Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a buy rating to a neutral rating in a report published on Monday morning, MarketBeat reports.

Other research analysts also recently issued reports about the company. Wall Street Zen raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research note on Wednesday, May 14th. Jefferies Financial Group raised 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 research report on Thursday, May 15th. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $17.47.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $11.21 on Monday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The company’s 50-day moving average is $11.71 and its 200-day moving average is $13.05. The stock has a market capitalization of $72.25 billion, a PE ratio of 4.38, a price-to-earnings-growth ratio of 0.18 and a beta of 0.84. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a $0.2806 dividend. This represents a dividend yield of 17.6%. The ex-dividend date of this dividend is Wednesday, June 4th. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 86.57%.

Institutional Investors Weigh In On Petróleo Brasileiro S.A. – Petrobras

Several institutional investors have recently bought and sold shares of PBR. Ethos Financial Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at about $29,000. Wayfinding Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the first quarter valued at about $32,000. Wealth Preservation Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter worth about $34,000. Finally, Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $40,000.

About Petróleo Brasileiro S.A. – Petrobras

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.