Petroleo Brasileiro S.A.- Petrobras $PBR Shares Acquired by TrueMark Investments LLC

TrueMark Investments LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,600 shares of the oil and gas exploration company’s stock after acquiring an additional 40,920 shares during the period. TrueMark Investments LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $6,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PBR. GHP Investment Advisors Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth $26,000. Clearstead Advisors LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after buying an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth about $39,000. Finally, BNP Paribas boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after buying an additional 3,000 shares during the period.

Wall Street Analysts Forecast Growth

PBR has been the topic of several recent research reports. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. JPMorgan Chase & Co. lowered their target price on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Down 3.4%

Shares of NYSE PBR opened at $16.45 on Thursday. The stock has a market capitalization of $105.98 billion, a price-to-earnings ratio of 5.34, a price-to-earnings-growth ratio of 0.68 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $22.24. The firm has a 50-day moving average price of $19.45 and a 200 day moving average price of $16.91. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. The company had revenue of $23.54 billion for the quarter. Equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 11.04%.

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.