North of South Capital LLP Acquires 171,649 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

North of South Capital LLP increased its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 150.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 285,373 shares of the oil and gas exploration company’s stock after acquiring an additional 171,649 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises 0.3% of North of South Capital LLP’s investment portfolio, making the stock its 15th biggest holding. North of South Capital LLP’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,613,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PBR. Kingstone Capital Partners Texas LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $148,086,000. Perpetual Ltd lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% during the third quarter. Perpetual Ltd now owns 3,295,157 shares of the oil and gas exploration company’s stock valued at $41,717,000 after purchasing an additional 33,500 shares in the last quarter. Cullen Capital Management LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 5.2% during the second quarter. Cullen Capital Management LLC now owns 2,636,074 shares of the oil and gas exploration company’s stock worth $32,977,000 after purchasing an additional 129,823 shares during the last quarter. New York State Common Retirement Fund increased its stake in Petroleo Brasileiro S.A.- Petrobras by 6.9% in the 2nd quarter. New York State Common Retirement Fund now owns 2,234,730 shares of the oil and gas exploration company’s stock valued at $27,956,000 after buying an additional 143,767 shares during the last quarter. Finally, Annex Advisory Services LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.4% during the 3rd quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock worth $25,247,000 after buying an additional 137,370 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $11.89 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $14.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The business has a fifty day simple moving average of $12.28 and a two-hundred day simple moving average of $12.35. The company has a market capitalization of $76.59 billion, a P/E ratio of 5.50, a P/E/G ratio of 0.25 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. On average, analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be paid a dividend of $0.0658 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 21.76%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wall Street Zen downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Profile

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.