RBF Capital LLC decreased its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) by 40.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 60,000 shares of the oil and gas exploration company’s stock after selling 40,000 shares during the quarter. RBF Capital LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,245,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the stock. Capital International Investors boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% during the 4th 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 during the last quarter. ARGA Investment Management LP increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% in the fourth 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 during the last quarter. Mondrian Investment Partners LTD increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% in the fourth 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 during the last quarter. Oaktree Capital Management LP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $126,355,000. Finally, Earnest Partners LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 9.5% in the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after buying an additional 462,889 shares in the last quarter.
Petroleo Brasileiro S.A.- Petrobras Stock Up 3.0%
Shares of PBR opened at $18.61 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The business has a fifty day moving average of $17.76 and a 200 day moving average of $17.88. The company has a market cap of $119.96 billion, a PE ratio of 6.04, a P/E/G ratio of 0.80 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $22.24.
Petroleo Brasileiro S.A.- Petrobras Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 11.04%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on PBR shares. JPMorgan Chase & Co. cut their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.28.
Read Our Latest Stock Report on Petroleo Brasileiro S.A.- Petrobras
About Petroleo Brasileiro S.A.- Petrobras
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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