Savant Capital LLC Purchases Shares of 11,199 Petroleo Brasileiro S.A.- Petrobras $PBR

Savant Capital LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,199 shares of the oil and gas exploration company’s stock, valued at approximately $140,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GQG Partners LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.0% in the first 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 position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $148,086,000. Perpetual Ltd boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.5% in the 2nd quarter. Perpetual Ltd now owns 3,261,657 shares of the oil and gas exploration company’s stock valued at $40,803,000 after purchasing an additional 48,400 shares during the last quarter. Earnest Partners LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% during the first quarter. Earnest Partners LLC now owns 3,242,860 shares of the oil and gas exploration company’s stock worth $46,503,000 after buying an additional 93,409 shares during the period. Finally, Todd Asset Management LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the first quarter. Todd Asset Management LLC now owns 2,957,106 shares of the oil and gas exploration company’s stock worth $42,405,000 after buying an additional 19,910 shares during the last quarter.

Analysts Set New Price Targets

PBR has been the topic of a number of research analyst reports. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note 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. Finally, UBS Group cut their price target on 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.9%

PBR stock opened at $12.78 on Friday. The stock’s 50 day simple moving average is $12.40 and its 200 day simple moving average is $12.32. The company has a market cap of $82.33 billion, a P/E ratio of 5.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

About Petroleo Brasileiro S.A.- Petrobras

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.