Stock traders buy high volume call options on Petróleo Brasileiro SA – Petrobras (NYSE:PBR)

Petróleo Brasileiro SA – Petrobras (NYSE:PBR – Get Rating) was the recipient of unusual options trading activity on Friday. Traders acquired 203,322 call options on the company. This represents a 72% increase from the typical daily volume of 118,030 call options.

Analyst upgrades and downgrades

Separately, StockNews.com downgraded shares of Petróleo Brasileiro SA – Petrobras from a “Strong Buy” rating to a “Buy” rating in a Friday, May 13 research report. One investment analyst gave the stock a hold rating and five gave the company’s stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average target price of $14.05.

Petróleo Brasileiro SA – Petrobras Price Performance

NYSE PBR shares traded at $0.89 during Friday trading, hitting $14.28. 45,078,520 shares of the company were traded, with an average volume of 32,338,654. The company has a market capitalization of $93.14 billion, a price-earnings ratio of 3.31, a PEG ratio of 1, 34 and a beta of 1.47. Petróleo Brasileiro SA – Petrobras has a 1-year low of $9.20 and a 1-year high of $16.30. The company’s fifty-day moving average price is $12.56 and its 200-day moving average price is $13.46. The company has a debt ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.16.

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Petróleo Brasileiro SA – Petrobras (NYSE:PBR – Get Rating) last reported results on Thursday, May 5. The oil and gas exploration company reported EPS of $1.29 for the quarter, beating the consensus estimate of $1.08 by $0.21. The company posted revenue of $27.19 billion for the quarter, versus analyst estimates of $27.95 billion. Petróleo Brasileiro SA – Petrobras achieved a net margin of 29.65% and a return on equity of 33.69%. On average, sell-side analysts expect Petróleo Brasileiro SA – Petrobras to post earnings per share of 4.9 for the current fiscal year.

Petróleo Brasileiro SA – Petrobras increases its dividend

The company also recently announced a dividend, which was paid on Wednesday, July 27. Shareholders of record on Wednesday, May 25 received a dividend of $1.2984 per share. This is a positive change from the previous Petróleo Brasileiro SA – Petrobras dividend of $1.22. This represents a dividend yield of 28.6%. The ex-dividend date was Tuesday, May 24. Petróleo Brasileiro SA – Petrobras’ payout ratio is currently 70.97%.

Institutional investors weigh in on Petróleo Brasileiro SA – Petrobras

Several institutional investors and hedge funds have recently changed their positions in the company. Todd Asset Management LLC increased its position in shares of Petróleo Brasileiro SA – Petrobras by 49.3% in the 2nd quarter. Todd Asset Management LLC now owns 1,874,635 shares of the oil and gas exploration company worth $21,895,000 after purchasing an additional 618,738 shares last quarter. Truxt Investmentos Ltda. increased its position in shares of Petróleo Brasileiro SA – Petrobras by 2.7% in the 2nd quarter. Truxt Investmentos Ltda. now owns 2,283,900 shares of the oil and gas exploration company worth $7,035,000 after purchasing an additional 59,300 shares last quarter. Kiron Capital Gestao de Recursos Ltda. bought a new equity stake in Petróleo Brasileiro SA – Petrobras in the 2nd quarter at a value of approximately $148,000. DGS Capital Management LLC increased its position in shares of Petróleo Brasileiro SA – Petrobras by 10.8% in the 2nd quarter. DGS Capital Management LLC now owns 12,881 shares of the oil and gas exploration company worth $150,000 after buying 1,259 additional shares last quarter. Finally, Banco Santander SA increased its position in shares of Petróleo Brasileiro SA – Petrobras by 47.5% in the 2nd quarter. Banco Santander SA now owns 154,267 shares of the oil and gas exploration company worth $1,802,000 after buying an additional 49,671 shares last quarter. 11.89% of the shares are currently held by hedge funds and other institutional investors.

About Petroleo Brasileiro SA – Petrobras

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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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