Stock Traders Purchase Large Volume of Put Options on Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 47,520 put options on the company. This is an increase of 39% compared to the average volume of 34,161 put options.

Petróleo Brasileiro S.A. - Petrobras Stock Up 3.6 %

Petróleo Brasileiro S.A. - Petrobras stock traded up $0.40 during mid-day trading on Friday, hitting $11.62. The company's stock had a trading volume of 32,520,566 shares, compared to its average volume of 17,274,869. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $11.03 and a 52-week high of $17.44. The company has a market cap of $74.91 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.18 and a beta of 0.94. 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's 50 day moving average is $13.31 and its 200 day moving average is $13.67.

Petróleo Brasileiro S.A. - Petrobras Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Friday, June 27th. Shareholders of record on Tuesday, April 22nd will be given a $0.2403 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a yield of 19%. Petróleo Brasileiro S.A. - Petrobras's payout ratio is 138.79%.

Wall Street Analyst Weigh In

PBR has been the subject of a number of research analyst reports. StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a report on Monday, March 3rd. HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Wednesday, March 5th. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Ethos Financial Group LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at about $25,000. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth approximately $39,000. Whipplewood Advisors LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock valued at $87,000 after purchasing an additional 5,000 shares during the period.

Petróleo Brasileiro S.A. - Petrobras Company Profile

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.