Nwam LLC Makes New $345,000 Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

Nwam LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 26,688 shares of the oil and gas exploration company’s stock, valued at approximately $345,000.

Several other institutional investors have also recently made changes to their positions in PBR. Wealth Preservation Advisors LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $34,000. Chung Wu Investment Group LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at about $31,000. Whipplewood Advisors LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% in the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 902 shares in the last quarter. Redwood Park Advisors LLC lifted its position in shares of 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 purchasing an additional 1,810 shares during the period. Finally, Sachetta LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 142.9% during the second quarter. Sachetta LLC now owns 5,100 shares of the oil and gas exploration company’s stock valued at $64,000 after purchasing an additional 3,000 shares in the last quarter.

Analyst Ratings Changes

PBR has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. UBS Group cut their target price 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. Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Trading Down 3.7%

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.97 on Thursday. The stock has a 50-day moving average of $12.33 and a two-hundred day moving average of $12.26. 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 one year low of $11.03 and a one year high of $15.10. The stock has a market cap of $83.60 billion, a PE ratio of 6.06 and a beta of 0.83.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping 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 business had revenue of $23.48 billion for the quarter, compared to analyst estimates of $125.50 billion. On average, research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be given a dividend of $0.1773 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 47.22%.

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.