Frank Rimerman Advisors LLC Purchases New Shares in Petroleo Brasileiro S.A.- Petrobras $PBR

Frank Rimerman Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 35,055 shares of the oil and gas exploration company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Poehling Capital Management INC. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.4% during the 2nd quarter. Poehling Capital Management INC. now owns 236,251 shares of the oil and gas exploration company’s stock worth $2,956,000 after purchasing an additional 7,826 shares in the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $26,000. Avantax Advisory Services Inc. boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 29.3% in the second quarter. Avantax Advisory Services Inc. now owns 186,259 shares of the oil and gas exploration company’s stock valued at $2,330,000 after buying an additional 42,161 shares during the period. JBF Capital Inc. grew its position in Petroleo Brasileiro S.A.- Petrobras by 7.5% during the second quarter. JBF Capital Inc. now owns 50,000 shares of the oil and gas exploration company’s stock worth $577,000 after buying an additional 3,500 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Petroleo Brasileiro S.A.- Petrobras by 95.5% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 27,621 shares of the oil and gas exploration company’s stock worth $347,000 after acquiring an additional 13,495 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $13.04 on Thursday. The stock has a market cap of $84.00 billion, a price-to-earnings ratio of 6.09 and a beta of 0.83. 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 company has a 50 day simple moving average of $12.40 and a 200 day simple moving average of $12.32. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The firm had revenue of $23.48 billion for the quarter, compared to analysts’ expectations of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. Research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, February 27th. Investors of record on Friday, December 26th will be given a dividend of $0.1773 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 32.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PBR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 8th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, UBS Group decreased 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.