70,033 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Wealth High Governance Capital Ltda

Wealth High Governance Capital Ltda purchased a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the first quarter, Holdings Channel reports. The fund purchased 70,033 shares of the oil and gas exploration company’s stock, valued at approximately $1,453,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 11,680 shares during the last quarter. Focus Partners Wealth increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 7.0% during the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after purchasing an additional 1,356 shares during the period. Cresset Asset Management LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 55.9% during the 2nd quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock valued at $201,000 after purchasing an additional 5,624 shares during the period. NewEdge Advisors LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 797.8% during the 2nd quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock valued at $235,000 after purchasing an additional 16,699 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in Petroleo Brasileiro S.A.- Petrobras by 35.0% during the 2nd quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock valued at $674,000 after purchasing an additional 13,988 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $19.39 on Monday. The stock’s 50 day simple moving average is $17.73 and its two-hundred day simple moving average is $17.99. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The stock has a market cap of $124.93 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.85 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.43 and a fifty-two week high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The firm had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. As a group, analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.28 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors 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 is presently 11.04%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PBR shares. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.28.

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.