Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Position Increased by Paradiem LLC

Paradiem LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 22.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 467,877 shares of the oil and gas exploration company’s stock after purchasing an additional 86,673 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for about 2.1% of Paradiem LLC’s holdings, making the stock its 20th biggest holding. Paradiem LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $7,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Checchi Capital Advisers LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 2.7% during the 3rd quarter. Checchi Capital Advisers LLC now owns 25,750 shares of the oil and gas exploration company’s stock valued at $386,000 after purchasing an additional 675 shares during the period. Cerity Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 7.4% in the 4th quarter. Cerity Partners LLC now owns 12,280 shares of the oil and gas exploration company’s stock worth $196,000 after buying an additional 848 shares in the last quarter. Grey Street Capital LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 3.4% in the 4th quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock valued at $439,000 after acquiring an additional 858 shares during the period. Morningstar Investment Services LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 5.7% during the 3rd quarter. Morningstar Investment Services LLC now owns 22,867 shares of the oil and gas exploration company’s stock valued at $339,000 after acquiring an additional 1,238 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 19.8% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,207 shares of the oil and gas exploration company’s stock worth $183,000 after acquiring an additional 2,014 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock traded up $0.21 on Friday, hitting $17.05. 20,004,626 shares of the company’s stock traded hands, compared to its average volume of 21,103,116. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $10.01 and a 1-year high of $17.91. The stock has a fifty day moving average of $15.94 and a 200-day moving average of $15.90.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. On average, research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.52 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, April 29th will be given a $0.2084 dividend. This represents a $0.83 annualized dividend and a dividend yield of 4.89%. The ex-dividend date of this dividend is Friday, April 26th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 12.83%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PBR. Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 11th. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Friday, March 8th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, March 25th. Finally, UBS Group boosted their target price on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.