PETROLEO BRASIL/ADR (NYSE:PBR) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 26,578,000 shares, a decrease of 14.5% from the June 15th total of 31,077,700 shares. Based on an average trading volume of 14,470,000 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.7% of the company’s stock are short sold.

Several equities analysts recently issued reports on the company. Citigroup set a $12.00 price objective on Avaya and gave the company a “hold” rating in a research report on Monday, July 8th. Credit Suisse Group raised J M Smucker from an “underperform” rating to a “neutral” rating and increased their price target for the company from $96.00 to $120.00 in a report on Monday, April 8th. Zacks Investment Research cut GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Bank of America set a $225.00 price target on Tesla and gave the company a “sell” rating in a report on Wednesday, July 3rd. Finally, ValuEngine raised YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $19.19.

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in PETROLEO BRASIL/ADR in the 1st quarter worth $330,000. Lindbrook Capital LLC raised its holdings in PETROLEO BRASIL/ADR by 72.2% in the 1st quarter. Lindbrook Capital LLC now owns 1,691 shares of the oil and gas exploration company’s stock worth $26,000 after purchasing an additional 709 shares during the period. USS Investment Management Ltd raised its holdings in PETROLEO BRASIL/ADR by 18.4% in the 1st quarter. USS Investment Management Ltd now owns 2,576,104 shares of the oil and gas exploration company’s stock worth $40,999,000 after purchasing an additional 400,000 shares during the period. TCW Group Inc. raised its holdings in PETROLEO BRASIL/ADR by 61.8% in the 1st quarter. TCW Group Inc. now owns 59,700 shares of the oil and gas exploration company’s stock worth $950,000 after purchasing an additional 22,800 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in PETROLEO BRASIL/ADR by 235.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 32,822 shares of the oil and gas exploration company’s stock worth $427,000 after purchasing an additional 23,028 shares during the period. 7.24% of the stock is currently owned by institutional investors.

Shares of NYSE PBR traded down $0.09 during midday trading on Tuesday, hitting $15.14. 483,455 shares of the stock traded hands, compared to its average volume of 13,908,147. The stock has a 50-day moving average price of $15.85. The stock has a market capitalization of $98.29 billion, a price-to-earnings ratio of 10.60 and a beta of 1.48. The company has a quick ratio of 0.86, a current ratio of 1.15 and a debt-to-equity ratio of 1.30. PETROLEO BRASIL/ADR has a one year low of $10.16 and a one year high of $17.90.

PETROLEO BRASIL/ADR (NYSE:PBR) last released its quarterly earnings results on Thursday, May 2nd. The oil and gas exploration company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.06). PETROLEO BRASIL/ADR had a net margin of 6.50% and a return on equity of 10.35%. The firm had revenue of $21.23 billion for the quarter, compared to the consensus estimate of $21.65 billion. On average, equities analysts anticipate that PETROLEO BRASIL/ADR will post 1.3 earnings per share for the current year.

The business also recently announced a special dividend, which was paid on Monday, July 15th. Investors of record on Thursday, May 23rd were issued a $0.0509 dividend. This is a boost from PETROLEO BRASIL/ADR’s previous special dividend of $0.03. The ex-dividend date of this dividend was Wednesday, May 22nd. PETROLEO BRASIL/ADR’s dividend payout ratio (DPR) is currently 11.19%.

PETROLEO BRASIL/ADR Company Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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