Petróleo Brasileiro S.A. – Petrobras Sees Unusually High Options Volume (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the target of some unusual options trading on Thursday. Stock traders acquired 35,180 call options on the stock. This represents an increase of approximately 9% compared to the average volume of 32,405 call options.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

A number of large investors have recently modified their holdings of the business. Ethos Financial Group LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $51,000. Finally, Sunbelt Securities Inc. lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after purchasing an additional 5,000 shares during the period.

Analyst Ratings Changes

Several brokerages have issued reports on PBR. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 5th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR opened at $11.29 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $11.03 and a one year high of $17.44. The stock has a market capitalization of $72.74 billion, a price-to-earnings ratio of 4.41, a PEG ratio of 0.18 and a beta of 0.94. The company has a 50-day simple moving average of $13.61 and a 200-day simple moving average of $13.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, June 27th. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.2403 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a dividend yield of 19%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 138.79%.

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.