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


Petróleo Brasileiro SA – Petrobras (NYSE:PBR – Get Rating) was the recipient of unusually heavy options trading activity on Friday. Traders acquired 203,322 call options on the company. This is an increase of approximately 72% over the average volume of 118,030 call options.

Hedge funds weigh on Petróleo Brasileiro SA – Petrobras

Several hedge funds and other institutional investors have recently bought and sold shares of PBR. ARGA Investment Management LP increased its stake in Petróleo Brasileiro SA – Petrobras by 48.4% in the fourth quarter. ARGA Investment Management LP now owns 17,840,564 shares of the oil and gas exploration company valued at $195,889,000 after purchasing an additional 5,820,603 shares during the period. New Jersey State Joint Pension Fund D increased its holdings in Petróleo Brasileiro SA – Petrobras by 120.8% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 1,088,533 shares of the oil and gas exploration company valued at $11,952,000 after purchasing an additional 595,429 shares during the period. Capital Investment Advisory Services LLC increased its stake in Petróleo Brasileiro SA – Petrobras by 6.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 65,772 shares of the oil and gas exploration company valued at $722,000 after purchasing an additional 3,885 shares during the period. Nomura Asset Management Co. Ltd. acquired a new position in Petróleo Brasileiro SA – Petrobras in the fourth quarter worth $1,218,000. Finally, Avestar Capital LLC increased its stake in Petróleo Brasileiro SA – Petrobras by 4.9% in the fourth quarter. Avestar Capital LLC now owns 105,188 shares of the oil and gas exploration company valued at $1,155,000 after purchasing an additional 4,870 shares during the period. Institutional investors and hedge funds hold 11.89% of the company’s shares.

Petróleo Brasileiro SA – Petrobras Price Performance

NYSE:PBR shares opened at $14.28 on Friday. The company has a market capitalization of $93.14 billion, a PE ratio of 3.29, a growth price-earnings ratio of 1.34 and a beta of 1.47. The company’s fifty-day moving average is $12.54 and its 200-day moving average is $13.48. The company has a debt ratio of 0.54, a quick ratio of 1.16 and a current ratio of 1.53. Petróleo Brasileiro SA – Petrobras has a 52 week low of $9.20 and a 52 week high of $16.30.

Petróleo Brasileiro SA – Petrobras (NYSE:PBR – Get Rating) last released its quarterly results on Thursday, May 5. The oil and gas exploration company reported EPS of $1.29 for the quarter, beating analyst consensus estimates 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%. Sell-side analysts expect Petróleo Brasileiro SA – Petrobras to post earnings per share of 4.9 for the current year.

Petróleo Brasileiro SA – Petrobras increases its dividend

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

Analysts set new price targets

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 rating. One research analyst gave the stock a hold rating and five gave the company’s stock a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.05.

Petróleo Brasileiro SA – Petrobras Company Profile

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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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