Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Given Consensus Rating of "Buy" by Analysts

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) has been given an average recommendation of "Buy" by the eight analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $17.40.

Several research firms have recently commented on PBR. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price for the company in a report on Thursday, May 15th. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $13.06 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.73. The company has a fifty day moving average price of $12.03 and a two-hundred day moving average price of $12.86. The company has a market cap of $84.13 billion, a PE ratio of 9.74 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras Increases Dividend

The firm also recently declared a -- dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.2806 per share. This represents a dividend yield of 17.6%. This is a positive change from Petroleo Brasileiro S.A.- Petrobras's previous -- dividend of $0.24. The ex-dividend date is Wednesday, June 4th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is 73.88%.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently bought and sold shares of the stock. GQG Partners LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 8.0% during the 1st quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company's stock valued at $3,672,458,000 after buying an additional 18,862,848 shares during the period. Carrhae Capital LLP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $64,765,000. Lazard Asset Management LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock worth $279,779,000 after purchasing an additional 3,072,312 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $29,984,000. Finally, Artemis Investment Management LLP lifted its position in Petroleo Brasileiro S.A.- Petrobras by 30.2% in the first quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company's stock worth $56,052,000 after purchasing an additional 905,800 shares during the period.

Petroleo 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.