Petroleo Brasileiro S.A.- Petrobras $PBR Shares Acquired by FNY Investment Advisers LLC

FNY Investment Advisers LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 400.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,500 shares of the oil and gas exploration company’s stock after purchasing an additional 10,000 shares during the quarter. FNY Investment Advisers LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $156,000 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 the stock. GQG Partners LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras by 8.0% in the 1st quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock valued at $3,672,458,000 after acquiring an additional 18,862,848 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $148,086,000. Carrhae Capital LLP acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $64,765,000. New York State Common Retirement Fund acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $29,984,000. Finally, Artemis Investment Management LLP grew its stake in Petroleo Brasileiro S.A.- Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock valued at $56,052,000 after acquiring an additional 905,800 shares during the last quarter.

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

Shares of PBR stock opened at $11.74 on Thursday. The firm has a market cap of $75.62 billion, a P/E ratio of 5.48 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The firm’s 50-day simple moving average is $12.33 and its 200-day simple moving average is $12.19.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.0739 per share. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 48.13%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PBR shares. 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. UBS Group reduced their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Finally, Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras 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.