Capital International Inc. CA Purchases 80,262 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Capital International Inc. CA boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 9.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 967,888 shares of the oil and gas exploration company’s stock after purchasing an additional 80,262 shares during the quarter. Capital International Inc. CA’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $12,253,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 11,680 shares during the period. Focus Partners Wealth lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 7.0% in the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after buying an additional 1,356 shares during the period. Savant Capital LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at approximately $140,000. Prospera Financial Services Inc boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 5.2% in the second quarter. Prospera Financial Services Inc now owns 30,523 shares of the oil and gas exploration company’s stock valued at $382,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 31.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 118,230 shares of the oil and gas exploration company’s stock worth $1,479,000 after acquiring an additional 28,443 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBR. The Goldman Sachs Group increased their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. UBS Group increased their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.97.

Read Our Latest Stock Report on PBR

Trending Headlines about Petroleo Brasileiro S.A.- Petrobras

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Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $17.99 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.57. The firm has a market cap of $115.90 billion, a price-to-earnings ratio of 5.92, a price-to-earnings-growth ratio of 0.30 and a beta of 0.51. The stock’s 50-day moving average is $14.65 and its 200-day moving average is $13.15. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $18.56.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be paid a $0.1191 dividend. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 13.16%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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