Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Reduced by Venture Visionary Partners LLC

Venture Visionary Partners LLC trimmed its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 9.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 257,737 shares of the oil and gas exploration company’s stock after selling 27,258 shares during the period. Venture Visionary Partners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $5,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of PBR. Oaktree Capital Management LP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $126,355,000. Carrhae Capital LLP bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $87,456,000. DJE Kapital AG bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $65,428,000. Public Employees Retirement System of Ohio bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $42,858,000. Finally, Annex Advisory Services LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2.4% during the second quarter. Annex Advisory Services LLC now owns 2,182,965 shares of the oil and gas exploration company’s stock worth $35,277,000 after acquiring an additional 50,612 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock traded up $0.20 on Wednesday, reaching $24.00. The stock had a trading volume of 30,323,007 shares, compared to its average volume of 22,888,543. 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 stock has a market cap of $154.70 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29. The company has a 50 day simple moving average of $19.94 and a 200 day simple moving average of $19.38. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $24.76.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have commented on PBR. JPMorgan Chase & Co. raised their price target on shares of 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. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Finally, UBS Group increased their price objective on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, September 23rd. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.16.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company headquartered in Rio de Janeiro. Founded in 1953, the company is engaged primarily in the exploration, development, production, refining, transportation and marketing of oil and natural gas.

Petrobras has a major focus on offshore operations, particularly the development of Brazil’s pre-salt oil fields in the Santos and Campos basins. Its activities also include the processing and sale of petroleum products, natural gas and biofuels, as well as participation in power generation and other energy-related businesses.

The company serves the Brazilian market through its production, refining, logistics and distribution activities and has historically maintained international operations and partnerships.