Marex Group plc Takes Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Marex Group plc acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 48,151 shares of the oil and gas exploration company’s stock, valued at approximately $602,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kingstone Capital Partners Texas LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $148,086,000. Perpetual Ltd increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 1.5% in the second quarter. Perpetual Ltd now owns 3,261,657 shares of the oil and gas exploration company’s stock worth $40,803,000 after purchasing an additional 48,400 shares during the period. Earnest Partners LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% in the first quarter. Earnest Partners LLC now owns 3,242,860 shares of the oil and gas exploration company’s stock worth $46,503,000 after buying an additional 93,409 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.9% in the second quarter. New York State Common Retirement Fund now owns 2,234,730 shares of the oil and gas exploration company’s stock worth $27,956,000 after buying an additional 143,767 shares in the last quarter. Finally, Clark Capital Management Group Inc. boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 14.9% during the first quarter. Clark Capital Management Group Inc. now owns 2,217,527 shares of the oil and gas exploration company’s stock valued at $31,799,000 after buying an additional 287,837 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $12.18 on Monday. The company has a market capitalization of $78.49 billion, a price-to-earnings ratio of 5.64, a PEG ratio of 0.17 and a beta of 0.53. The business has a 50 day moving average of $12.30 and a 200 day moving average of $12.41. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. On average, sell-side analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 47.69%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group decreased 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 note on Friday, August 22nd. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Tuesday, December 9th. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.90.

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.