Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 21.6% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,063 shares of the oil and gas exploration company’s stock after selling 9,412 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. GQG Partners LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2.6% in the 4th quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company’s stock valued at $3,050,855,000 after purchasing an additional 6,016,560 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company’s stock worth $279,779,000 after purchasing an additional 3,072,312 shares in the last quarter. Annex Advisory Services LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.5% in the first quarter. Annex Advisory Services LLC now owns 1,818,558 shares of the oil and gas exploration company’s stock valued at $26,078,000 after buying an additional 309,752 shares during the last quarter. Parkwood LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 84.2% in the fourth quarter. Parkwood LLC now owns 529,116 shares of the oil and gas exploration company’s stock valued at $6,804,000 after buying an additional 241,884 shares during the last quarter. Finally, Truffle Hound Capital LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $2,572,000.

Analyst Ratings Changes

PBR has been the subject of a number of recent analyst reports. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Wednesday, May 14th. Jefferies Financial Group raised Petroleo 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. Finally, Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Buy” and a consensus target price of $17.40.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock opened at $13.06 on Friday. The stock’s 50-day moving average is $12.00 and its two-hundred day moving average is $12.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.73. The firm has a market cap of $84.13 billion, a price-to-earnings ratio of 9.74 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, August 27th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.2806 per share. This represents a yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is an increase from Petroleo Brasileiro S.A.- Petrobras’s previous — dividend of $0.24. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 73.88%.

Petroleo 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.