Sona Asset Management US LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 60,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,245,000.
Other large investors have also modified their holdings of the company. GHP Investment Advisors Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth about $26,000. Clearstead Advisors LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% in the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 1,706 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter worth about $39,000. Finally, Ascentis Independent Advisors acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $51,000.
Wall Street Analyst Weigh In
Several analysts have commented on the company. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and an average price target of $19.28.
Petroleo Brasileiro S.A.- Petrobras Stock Down 0.0%
Shares of NYSE PBR opened at $18.77 on Monday. The stock has a market cap of $120.93 billion, a PE ratio of 6.09, a P/E/G ratio of 0.83 and a beta of 0.33. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24. The company has a 50-day moving average of $17.88 and a 200 day moving average of $17.74.
Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. As a group, sell-side analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.28 EPS for the current fiscal year.
Petroleo Brasileiro S.A.- Petrobras Dividend Announcement
The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 11.04%.
Petroleo Brasileiro S.A.- Petrobras Company Profile
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.
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