Wealth Alliance Cuts Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Wealth Alliance decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,258 shares of the oil and gas exploration company’s stock after selling 1,093 shares during the period. Wealth Alliance’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $324,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PBR. Qube Research & Technologies Ltd purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at approximately $62,049,000. RWC Asset Advisors US LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 117.2% in the third quarter. RWC Asset Advisors US LLC now owns 5,666,762 shares of the oil and gas exploration company’s stock valued at $84,945,000 after buying an additional 3,057,798 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 78.9% during the third quarter. Artemis Investment Management LLP now owns 5,147,860 shares of the oil and gas exploration company’s stock worth $77,131,000 after acquiring an additional 2,269,946 shares during the period. Two Sigma Investments LP raised its position in Petróleo Brasileiro S.A. – Petrobras by 1,412.1% in the first quarter. Two Sigma Investments LP now owns 2,315,038 shares of the oil and gas exploration company’s stock worth $24,146,000 after acquiring an additional 2,161,938 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at $31,479,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PBR. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, March 8th. UBS Group lifted their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 11th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.7 %

PBR opened at $15.58 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $15.79. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $10.01 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. The business had revenue of $27.11 billion during the quarter, compared to analyst estimates of $26.45 billion. As a group, equities analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, April 29th will be given a dividend of $0.2084 per share. The ex-dividend date is Friday, April 26th. This represents a $0.83 annualized dividend and a yield of 5.35%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 9.95%.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.