Petroleo Brasileiro S.A.- Petrobras Declares Special Dividend of $0.26 (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) announced a special dividend on Friday, August 7th. Shareholders of record on Tuesday, August 25th will be given a dividend of 0.2649 per share by the oil and gas exploration company on Tuesday, December 1st. The ex-dividend date is Tuesday, August 25th.

Petroleo Brasileiro S.A.- Petrobras has raised its dividend payment by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 12.2%.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE:PBR opened at $19.13 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $123.28 billion, a PE ratio of 4.83, a P/E/G ratio of 0.78 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.43 and a twelve month high of $22.24. The company has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $18.44.

Hedge Funds Weigh In On Petroleo Brasileiro S.A.- Petrobras

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Capital International Investors grew its stake in Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after buying an additional 10,425,563 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% during the 4th quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after buying an additional 166,472 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% during the 4th quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock worth $149,963,000 after acquiring an additional 1,562,473 shares during the last quarter. Oaktree Capital Management LP bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $126,355,000. Finally, Earnest Partners LLC grew its position in Petroleo Brasileiro S.A.- Petrobras by 9.5% in the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after acquiring an additional 462,889 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Company 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.