Poehling Capital Management INC. Acquires 1,870 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

by · The Cerbat Gem

Poehling Capital Management INC. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Free Report) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 228,299 shares of the oil and gas exploration company’s stock after buying an additional 1,870 shares during the quarter. Poehling Capital Management INC.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,936,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Ethos Financial Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $25,000. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at approximately $51,000. Finally, Kapitalo Investimentos Ltda boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 104.4% in the fourth quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company’s stock worth $86,000 after purchasing an additional 156,663 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $11.92 on Thursday. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a 50 day simple moving average of $12.39 and a two-hundred day simple moving average of $13.26. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The firm has a market cap of $76.78 billion, a P/E ratio of 4.65, a PEG ratio of 0.18 and a beta of 0.87.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a $0.2806 dividend. This represents a dividend yield of 17.6%. The ex-dividend date is Wednesday, June 4th. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous — dividend of $0.24. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 82.09%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PBR. StockNews.com upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Wednesday, May 14th. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.30 price target for the company in a research report on Thursday, May 15th. Eight research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Buy” and an average price target of $17.47.

Check Out Our Latest Stock Analysis on PBR

About Petróleo Brasileiro S.A. – Petrobras

(Free Report)

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.

See Also

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