Oxbow Advisors LLC Acquires 32,343 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Oxbow Advisors LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 7.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 450,479 shares of the oil and gas exploration company’s stock after purchasing an additional 32,343 shares during the period. Petroleo Brasileiro S.A.- Petrobras makes up about 0.8% of Oxbow Advisors LLC’s investment portfolio, making the stock its 28th largest holding. Oxbow Advisors LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $9,347,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital International Investors raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% in the fourth quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after purchasing an additional 10,425,563 shares during the last quarter. ARGA Investment Management LP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% during the fourth quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after buying an additional 166,472 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock valued at $149,963,000 after buying an additional 1,562,473 shares during the last quarter. Earnest Partners LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 9.5% in the 4th quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after buying an additional 462,889 shares in the last quarter. Finally, Perpetual Ltd increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.5% in the 4th quarter. Perpetual Ltd now owns 3,313,257 shares of the oil and gas exploration company’s stock worth $39,262,000 after buying an additional 18,100 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PBR shares. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.70 to $24.80 in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.0%

PBR stock opened at $16.11 on Friday. The company has a market cap of $103.79 billion, a price-to-earnings ratio of 5.23, a P/E/G ratio of 0.64 and a beta of 0.33. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The business’s 50-day moving average is $18.79 and its two-hundred day moving average is $17.07. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.43 and a fifty-two week high of $22.24.

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

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed 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 of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 11.04%.

About Petroleo Brasileiro S.A.- Petrobras

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.