Petróleo Brasileiro S.A. - Petrobras Sees Unusually High Options Volume (NYSE:PBR)

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock investors bought 98,489 call options on the company. This represents an increase of approximately 208% compared to the average volume of 31,968 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PBR. Ethos Financial Group LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $25,000. Financial Gravity Asset Management Inc. purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter worth $29,000. Wayfinding Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter worth $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the first quarter worth $34,000. Finally, Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth $39,000.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of recent research reports. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price on the stock in a research note on Thursday, May 15th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Wall Street Zen upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Buy" and an average price target of $17.47.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.3%

PBR stock traded up $0.04 during midday trading on Thursday, hitting $11.15. 20,906,697 shares of the company's stock were exchanged, compared to its average volume of 17,550,568. The business has a 50-day simple moving average of $11.90 and a two-hundred day simple moving average of $13.13. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $71.84 billion, a PE ratio of 4.35, a P/E/G ratio of 0.18 and a beta of 0.84. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73.

Petróleo Brasileiro S.A. - Petrobras Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.2806 per share. This is a boost from Petróleo Brasileiro S.A. - Petrobras's previous -- dividend of $0.24. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a yield of 17.6%. Petróleo Brasileiro S.A. - Petrobras's dividend payout ratio (DPR) is 86.57%.

About Petróleo Brasileiro S.A. - Petrobras

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.