99,325 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Purchased by MONECO Advisors LLC

MONECO Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 99,325 shares of the oil and gas exploration company’s stock, valued at approximately $1,586,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PBR. Qube Research & Technologies Ltd acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $62,049,000. RWC Asset Advisors US LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 117.2% in the 3rd quarter. RWC Asset Advisors US LLC now owns 5,666,762 shares of the oil and gas exploration company’s stock worth $84,945,000 after purchasing an additional 3,057,798 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth about $31,479,000. Moneda S.A. Administradora General de Fondos grew its position in Petróleo Brasileiro S.A. – Petrobras by 72.0% in the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock worth $50,890,000 after purchasing an additional 1,334,225 shares during the last quarter. Finally, RWC Asset Management LLP grew its position in Petróleo Brasileiro S.A. – Petrobras by 79.9% in the 3rd quarter. RWC Asset Management LLP now owns 2,147,676 shares of the oil and gas exploration company’s stock worth $32,194,000 after purchasing an additional 953,739 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 2.0 %

NYSE:PBR traded down $0.35 during trading hours on Tuesday, reaching $16.98. 19,641,959 shares of the company’s stock were exchanged, compared to its average volume of 19,636,191. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $10.01 and a 12 month high of $17.91. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65. The business’s 50-day simple moving average is $15.93 and its two-hundred day simple moving average is $15.92.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The firm had revenue of $27.11 billion during the quarter, compared to analysts’ expectations of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Sell-side analysts predict 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 declared a Variable dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 6th will be given a $0.3406 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 21.20%.

Analyst Ratings Changes

PBR has been the subject of several recent analyst reports. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Monday, March 25th. UBS Group increased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a report on Friday, March 8th. Finally, Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Monday, March 11th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.76.

About Petróleo Brasileiro S.A. – Petrobras

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.