SeaBridge Investment Advisors LLC Has $779,000 Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

SeaBridge Investment Advisors LLC decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 35.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,576 shares of the oil and gas exploration company’s stock after selling 32,853 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $779,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. ORG Partners LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% in the third quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,679 shares in the last quarter. Bogart Wealth LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 2,000 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 945 shares during the period. Sunbelt Securities Inc. boosted its position 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 valued at $87,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management increased its stake in Petróleo Brasileiro S.A. – Petrobras by 67.9% in the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 2,600 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 21st. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group increased their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.7 %

Shares of PBR opened at $14.23 on Friday. The stock has a fifty day moving average price of $13.66 and a two-hundred day moving average price of $14.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company has a market cap of $92.04 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.17 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.5338 per share. This represents a yield of 18.8%. The ex-dividend date was Friday, December 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 58.20%.

Petróleo Brasileiro S.A. – Petrobras 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.