Campbell & CO Investment Adviser LLC Grows Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Campbell & CO Investment Adviser LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 31.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,230 shares of the oil and gas exploration company’s stock after purchasing an additional 28,443 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,479,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Prospera Financial Services Inc grew its position in Petroleo Brasileiro S.A.- Petrobras by 5.2% during the second quarter. Prospera Financial Services Inc now owns 30,523 shares of the oil and gas exploration company’s stock valued at $382,000 after buying an additional 1,522 shares during the period. Pekin Hardy Strauss Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock valued at $398,000 after acquiring an additional 1,000 shares during the period. Savant Capital LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $140,000. Fullcircle Wealth LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 17.1% in the 2nd quarter. Fullcircle Wealth LLC now owns 14,525 shares of the oil and gas exploration company’s stock valued at $185,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 46.3% in the 2nd quarter. Arkadios Wealth Advisors now owns 16,711 shares of the oil and gas exploration company’s stock worth $209,000 after purchasing an additional 5,290 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently commented on PBR shares. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Sunday. UBS Group dropped their price target on shares of 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. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. One research 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Trading Up 3.4%

Shares of PBR stock opened at $13.46 on Wednesday. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10. 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’s fifty day moving average is $12.32 and its two-hundred day moving average is $12.26. The firm has a market capitalization of $86.71 billion, a P/E ratio of 6.29 and a beta of 0.83.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results 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. The business had revenue of $23.48 billion during 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 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 $0.1773 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 47.22%.

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.