Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) Short Interest Up 47.9% in January

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 37,788,934 shares, an increase of 47.9% from the January 15th total of 25,557,177 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,057,072 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 33,057,072 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.6% of the shares of the stock are sold short.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR traded down $0.07 during midday trading on Friday, reaching $15.19. The company had a trading volume of 17,427,811 shares, compared to its average volume of 28,315,988. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $16.02. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.73. The company has a market cap of $97.86 billion, a P/E ratio of 7.03, a P/E/G ratio of 0.30 and a beta of 0.49. The business has a 50-day moving average of $13.07 and a two-hundred day moving average of $12.65.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be paid a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 21.76%.

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

Several large investors have recently added to or reduced their stakes in PBR. Insigneo Advisory Services LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the 3rd quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock worth $2,671,000 after purchasing an additional 780 shares during the period. Truist Financial Corp raised its stake in Petroleo Brasileiro S.A.- Petrobras by 2.6% in the fourth quarter. Truist Financial Corp now owns 32,726 shares of the oil and gas exploration company’s stock worth $388,000 after buying an additional 829 shares in the last quarter. Drum Hill Capital LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the third quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after purchasing an additional 866 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 902 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% during the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock worth $194,000 after purchasing an additional 961 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. The Goldman Sachs Group upped their target price on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. UBS Group lifted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.98.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.