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

Petróleo Brasileiro SA – Petrobras (NYSE:PBR – Get Rating) was the target of unusual options trading activity on Thursday. Stock traders bought 309,364 put options on the stock. This represents an increase of approximately 214% from the average volume of 98,479 puts.

Petróleo Brasileiro SA – Petrobras share down 2.5%

Shares of NYSE PBR traded down $0.37 during Thursday’s trading, hitting $14.32. The company had a trading volume of 930,183 shares, against an average volume of 35,593,100. The company’s 50-day moving average is $12.69 and its 200-day moving average is 13.65 $. The company has a quick ratio of 1.02, a current ratio of 1.31 and a debt ratio of 0.56. The stock has a market capitalization of $93.40 billion, a PE ratio of 3.07, a P/E/G ratio of 1.43 and a beta of 1.51. Petróleo Brasileiro SA – Petrobras has a 12-month low of $9.20 and a 12-month high of $16.30.

Petróleo Brasileiro SA – Petrobras increases its dividend

The company also recently declared a dividend, which will be paid on Tuesday, September 27. Shareholders of record on Monday, August 15 will receive a dividend of $1.2949 per share. This is a boost from Petróleo Brasileiro SA – the former Petrobras dividend – of $0.16. The ex-dividend date is Friday, August 12. This represents a dividend yield of 44.8%. Petróleo Brasileiro SA – Petrobras’ dividend payout ratio is currently 75.31%.

Analysts set new price targets


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Separately, downgraded shares of Petróleo Brasileiro SA – Petrobras from a “strong buy” rating to a “buy” rating in a Friday, May 13 report.

Hedge funds weigh on Petróleo Brasileiro SA – Petrobras

Hedge funds have recently increased or reduced their stakes in the company. Raymond James & Associates increased its stake in shares of Petróleo Brasileiro SA – Petrobras by 25.9% in the 4th quarter. Raymond James & Associates now owns 90,323 shares of the oil and gas exploration company worth $992,000 after buying an additional 18,602 shares last quarter. Venture Visionary Partners LLC bought a new position in Petróleo Brasileiro SA – Petrobras in Q4 worth approximately $763,000. Retirement Planning Co of New England Inc. bought a new position in Petróleo Brasileiro SA – Petrobras during Q4, valued at approximately $116,000. Raymond James Financial Services Advisors Inc. increased its equity stake in Petróleo Brasileiro SA – Petrobras by 14.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 22,485 shares of the oil and gas exploration company valued at $247,000 after acquiring 2,794 additional shares in the last quarter. Finally, JBF Capital Inc. purchased a new equity stake in Petróleo Brasileiro SA – Petrobras in the fourth quarter at a value of approximately $657,000. 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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