Petroleo Brasileiro S.A.- Petrobras $PBR Holdings Lifted by MAS Advisors LLC

MAS Advisors LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,024 shares of the oil and gas exploration company’s stock after acquiring an additional 1,237 shares during the period. MAS Advisors LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $363,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GQG Partners LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.0% in the 1st quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock worth $3,672,458,000 after purchasing an additional 18,862,848 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth approximately $148,086,000. ARGA Investment Management LP increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.3% in the first quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock valued at $158,258,000 after buying an additional 38,312 shares in the last quarter. Carrhae Capital LLP acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $64,765,000. Finally, Artemis Investment Management LLP boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% during the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock worth $56,052,000 after acquiring an additional 905,800 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Saturday, September 27th. UBS Group decreased their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.4%

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.40 on Monday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.34. The company’s fifty day moving average price is $12.54 and its two-hundred day moving average price is $12.38. The company has a market capitalization of $79.88 billion, a price-to-earnings ratio of 5.79 and a beta of 0.86. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The company had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. On average, analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be issued a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 48.13%.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.