Maven Securities LTD Takes Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Maven Securities LTD bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, HoldingsChannel reports. The firm bought 54,818 shares of the oil and gas exploration company’s stock, valued at approximately $650,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mondrian Investment Partners LTD bought a new position in Petroleo Brasileiro S.A.- Petrobras during the third quarter worth about $140,433,000. Capital International Investors raised its position 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 valued at $363,052,000 after buying an additional 10,425,563 shares in the last quarter. ICICI Prudential Asset Management Co Ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $35,144,000. DNB Asset Management AS acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at approximately $21,778,000. Finally, Earnest Partners LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 52.0% in the third quarter. Earnest Partners LLC now owns 4,872,441 shares of the oil and gas exploration company’s stock valued at $61,685,000 after buying an additional 1,665,873 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $17.33 on Tuesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The stock has a market capitalization of $111.65 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 0.73 and a beta of 0.32. The company’s 50-day moving average is $20.02 and its 200-day moving average is $16.71.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted 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 expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently announced 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%.

Analyst Ratings Changes

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

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.