Investors Buy Large Volume of Petróleo Brasileiro S.A. – Petrobras Put Options (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was the target of unusually large options trading on Monday. Investors bought 36,062 put options on the company. This is an increase of 23% compared to the average daily volume of 29,288 put options.

Analyst Ratings Changes

Several research firms have weighed in on PBR. UBS Group cut their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their target price for the company from $16.80 to $17.90 in a research note on Thursday, June 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and an average target price of $18.07.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE PBR opened at $14.84 on Wednesday. The company has a fifty day moving average price of $14.67 and a 200 day moving average price of $15.09. The firm has a market cap of $96.79 billion, a PE ratio of 4.31, a PEG ratio of 0.17 and a beta of 1.40. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $24.22 billion. Research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.14 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be issued a $0.165 dividend. The ex-dividend date is Friday, August 23rd. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 25.00%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PBR. EverSource Wealth Advisors LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after buying an additional 1,468 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $35,000. Finally, ANTIPODES PARTNERS Ltd acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $45,000.

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 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.