Investors Buy High Volume from Petróleo Brasileiro SA – Petrobras Call Options (NYSE:PBR)

Petroleo Brasileiro SA – Petrobras (NYSE: PBR – Get a rating) saw unusually heavy options trading on Wednesday. Traders acquired 205,516 call options on the stock. This represents an increase of approximately 85% from the typical volume of 111,129 call options.

Institutional trading of Petróleo Brasileiro SA – Petrobras

Several large investors have recently bought and sold shares of the company. Federated Hermes Inc. increased its stake in Petróleo Brasileiro SA – Petrobras by 34.3% in the 1st quarter. Federated Hermes Inc. now owns 3,368 shares of the oil and gas exploration company worth $50,000 after purchasing an additional 861 shares during the period. Optimum Investment Advisors increased its equity stake in Petróleo Brasileiro SA – Petrobras by 33.3% during the second quarter. Optimum Investment Advisors now owns 4,000 shares of the oil and gas exploration company valued at $47,000 after buying an additional 1,000 shares last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Petróleo Brasileiro SA – Petrobras by 9.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,000 shares of the oil and gas exploration company valued at $140,000 after acquiring an additional 1,000 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Petróleo Brasileiro SA – Petrobras by 0.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 224,661 shares of the oil and gas exploration company valued at $2,624,000 after acquiring 1,062 additional shares in the last quarter. Finally, Nikko Asset Management Americas Inc. increased its stake in shares of Petróleo Brasileiro SA – Petrobras by 2.6% in the second quarter. Nikko Asset Management Americas Inc. now owns 41,819 shares of the oil and gas exploration company worth $486,000 after buying 1,062 additional shares in the last quarter. 11.74% of the shares are held by institutional investors.

Analyst upgrades and downgrades

A number of analysts have commented on the company. StockNews.com began covering Petróleo Brasileiro SA – Petrobras in a research report on Wednesday, October 12. They set a “buy” rating on the stock. Credit Suisse Group downgraded Petróleo Brasileiro SA – Petrobras from an “outperforming” rating to a “neutral” rating and lowered its share price target from $20.00 to $16.00 in a report released Monday . Itaú Unibanco downgraded Petróleo Brasileiro SA – Petrobras to a “market performance” rating and set a price target of $14.50 for the stock. in a report on Tuesday, August 30. Finally, Itau BBA Securities upgraded Petróleo Brasileiro SA – Petrobras from an “outperform” rating to a “market performance” rating and set a price target of $14.50 for the stock. in a research report on Tuesday, August 30. Four analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, Petróleo Brasileiro SA – Petrobras has an average rating of “Hold” and an average target price of $14.80.

Petróleo Brasileiro SA – Petrobras Price Performance

NYSE PBR traded at $0.51 midday on Wednesday, hitting $14.86. The company had a trading volume of 1,432,252 shares, compared to an average volume of 32,568,202. Petróleo Brasileiro SA – Petrobras has a 12-month low of $9.36 and a 12-month high of 16, $30. The company has a 50-day moving average price of $13.85 and a 200-day moving average price of $13.56. The company has a current ratio of 1.31, a quick ratio of 1.02 and a debt ratio of 0.56. The company has a market capitalization of $96.92 billion, a PE ratio of 3.00, a P/E/G ratio of 1.37 and a beta of 1.50.

Petroleo Brasileiro SA – Petrobras (NYSE: PBR – Get a rating) last reported quarterly earnings data on Thursday, July 28. The oil and gas exploration company reported earnings per share (EPS) of $1.39 for the quarter, beating consensus analyst estimates of $1.14 by $0.25. The company posted revenue of $34.70 billion for the quarter, versus a consensus estimate of $35.39 billion. Petróleo Brasileiro SA – Petrobras achieved a return on equity of 32.41% and a net margin of 28.57%. As a group, analysts expect Petróleo Brasileiro SA – Petrobras to post earnings per share of 5.43 for the current fiscal year.

Petróleo Brasileiro SA – Petrobras increases its dividend

The company also recently disclosed a — dividend, which was paid on Tuesday, September 27. Shareholders of record on Monday, August 15 received a dividend of $1.2949 per share. This is a boost from Petróleo Brasileiro SA – the former Petrobras dividend – of $0.16. This represents a dividend yield of 44.8%. The ex-dividend date was Friday, August 12. Petróleo Brasileiro SA – Petrobras’ Dividend Payout Ratio (DPR) is 75.31%.

About Petroleo Brasileiro SA – Petrobras

(Get a rating)

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; gas and electricity; and the Business and Other Activities segments. It engages in the exploration, drilling, refining, processing, trading and transportation of crude oil from onshore and offshore oilfields, and shale or other rocks, as well as petroleum products, natural gas and other liquid hydrocarbons.

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