Petroleo Brasileiro S.A.- Petrobras $PBR Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 358.5% in the second quarter, HoldingsChannel reports. The firm owned 40,483 shares of the oil and gas exploration company’s stock after purchasing an additional 31,654 shares during the period. TD Waterhouse Canada Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Clearstead Advisors LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,706 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,044 shares during the last quarter. Ascentis Independent Advisors bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $51,000. Harbor Investment Advisory LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $54,000. Finally, Parkside Financial Bank & Trust grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 264.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 4,544 shares of the oil and gas exploration company’s stock worth $54,000 after acquiring an additional 3,296 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PBR. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, August 7th. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. boosted their price target on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and an average price target of $19.48.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.2%

NYSE PBR opened at $21.38 on Friday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The company has a 50-day simple moving average of $18.55 and a 200-day simple moving average of $18.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The firm has a market capitalization of $137.79 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be issued a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 10.86%.

About Petroleo Brasileiro S.A.- Petrobras

Petroleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. The company also produces and sells fuels, lubricants, petrochemical products and other petroleum-derived products.

Petrobras is particularly known for its deepwater and ultra-deepwater operations, including large-scale development of Brazil’s offshore pre-salt oil fields.