Petroleo Brasileiro S.A.- Petrobras $PBR Shares Purchased by TrueMark Investments LLC

TrueMark Investments LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 14.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 332,600 shares of the oil and gas exploration company’s stock after acquiring an additional 40,920 shares during the quarter. TrueMark Investments LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $6,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital International Investors lifted its holdings 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 purchasing an additional 10,425,563 shares in the last quarter. ARGA Investment Management LP increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock worth $224,856,000 after purchasing an additional 166,472 shares in the last quarter. Mondrian Investment Partners LTD increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock worth $149,963,000 after purchasing an additional 1,562,473 shares in the last quarter. Earnest Partners LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 9.5% during 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 purchasing an additional 462,889 shares during the last quarter. Finally, Perpetual Ltd raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% during 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 purchasing an additional 18,100 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Down 3.4%

PBR stock opened at $16.45 on Thursday. The company has a 50 day moving average price of $19.45 and a two-hundred day moving average price of $16.91. 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 stock has a market capitalization of $105.98 billion, a P/E ratio of 5.34, a PEG ratio of 0.68 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) last issued its quarterly 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 return on equity of 23.65% and a net margin of 21.67%.The company had revenue of $23.54 billion for the quarter. As a group, sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

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 paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 11.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Jefferies Financial Group downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.28.

Read Our Latest Research Report on Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report).

Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Receive News & Ratings for Petroleo Brasileiro S.A.- Petrobras Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleo Brasileiro S.A.- Petrobras and related companies with MarketBeat.com's FREE daily email newsletter.