Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by RWC Asset Management LLP

RWC Asset Management LLP grew its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 19.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,570,596 shares of the oil and gas exploration company’s stock after acquiring an additional 422,920 shares during the period. Petróleo Brasileiro S.A. – Petrobras accounts for approximately 2.5% of RWC Asset Management LLP’s investment portfolio, making the stock its 10th biggest holding. RWC Asset Management LLP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $41,052,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. RWC Asset Advisors US LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 20.2% in the fourth quarter. RWC Asset Advisors US LLC now owns 6,811,783 shares of the oil and gas exploration company’s stock valued at $108,784,000 after purchasing an additional 1,145,021 shares during the period. CI Investments Inc. lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 4.2% in the 3rd quarter. CI Investments Inc. now owns 4,378,375 shares of the oil and gas exploration company’s stock worth $65,632,000 after purchasing an additional 175,038 shares during the period. Qube Research & Technologies Ltd acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth approximately $62,049,000. Platinum Investment Management Ltd. lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.4% in the 3rd quarter. Platinum Investment Management Ltd. now owns 3,469,056 shares of the oil and gas exploration company’s stock worth $52,001,000 after purchasing an additional 538,131 shares during the period. Finally, Moneda S.A. Administradora General de Fondos lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 72.0% in the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock worth $50,890,000 after purchasing an additional 1,334,225 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock traded up $0.21 during midday trading on Friday, reaching $17.05. 20,004,626 shares of the company’s stock traded hands, compared to its average volume of 21,103,116. The firm’s fifty day moving average price is $15.94 and its 200-day moving average price is $15.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $10.01 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to analyst estimates of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. On average, sell-side analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.2084 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.83 dividend on an annualized basis and a yield of 4.89%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 12.83%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Friday, March 8th. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, March 25th. UBS Group lifted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.