Whittier Trust Co. Grows Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Whittier Trust Co. lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 11.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,382 shares of the oil and gas exploration company’s stock after buying an additional 9,436 shares during the period. Whittier Trust Co.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Intrua Financial LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% during the first quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock valued at $243,000 after buying an additional 1,000 shares during the last quarter. Freedom Investment Management Inc. boosted its position in Petroleo Brasileiro S.A.- Petrobras by 10.5% in the first quarter. Freedom Investment Management Inc. now owns 12,121 shares of the oil and gas exploration company’s stock worth $174,000 after purchasing an additional 1,152 shares during the last quarter. Morningstar Investment Management LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 0.5% in the first quarter. Morningstar Investment Management LLC now owns 241,071 shares of the oil and gas exploration company’s stock worth $3,457,000 after purchasing an additional 1,169 shares during the last quarter. MAS Advisors LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 4.5% in the second quarter. MAS Advisors LLC now owns 29,024 shares of the oil and gas exploration company’s stock worth $363,000 after purchasing an additional 1,237 shares during the last quarter. Finally, Lesa Sroufe & Co boosted its position in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the second quarter. Lesa Sroufe & Co now owns 343,008 shares of the oil and gas exploration company’s stock worth $4,291,000 after purchasing an additional 1,296 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PBR. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group dropped their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Up 1.5%

NYSE PBR opened at $11.74 on Thursday. The stock’s 50-day moving average price is $12.33 and its 200-day moving average price is $12.19. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.10. The company has a market capitalization of $75.62 billion, a P/E ratio of 5.48 and a beta of 0.86.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%.The company had revenue of $21.04 billion during the quarter, compared to the consensus estimate of $20.78 billion. On average, equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be paid a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 48.13%.

About Petroleo Brasileiro S.A.- Petrobras

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.