Whittier Trust Co. Acquires 9,436 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Whittier Trust Co. boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 11.5% during the 2nd quarter, Holdings Channel reports. The firm owned 91,382 shares of the oil and gas exploration company’s stock after buying an additional 9,436 shares during the period. Whittier Trust Co.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Financial Gravity Asset Management Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $29,000. Chung Wu Investment Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $31,000. Wayfinding Financial LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $32,000. Wealth Preservation Advisors LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $34,000. Finally, Redwood Park Advisors LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 95.6% in the 1st quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock worth $53,000 after acquiring an additional 1,810 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $11.74 on Thursday. The stock has a market cap of $75.62 billion, a price-to-earnings ratio of 5.48 and a beta of 0.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The stock has a 50 day moving average price of $12.33 and a 200-day moving average price of $12.19. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $21.04 billion during the quarter, compared to analysts’ expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. Equities analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be issued a dividend of $0.0739 per share. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 48.13%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Wall Street Zen downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group reduced their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $15.43.

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.