Petroleo Brasileiro S.A.- Petrobras $PBR Shares Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD raised its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 14.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,655,094 shares of the oil and gas exploration company’s stock after buying an additional 1,562,473 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises about 2.4% of Mondrian Investment Partners LTD’s holdings, making the stock its 14th largest position. Mondrian Investment Partners LTD’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $149,963,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $26,000. Geneos Wealth Management Inc. raised its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $39,000. BNP Paribas raised its stake in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock valued at $54,000 after buying an additional 3,000 shares in the last quarter. Finally, New Millennium Group LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at $59,000.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.5%

PBR opened at $19.93 on Friday. The business’s 50-day simple moving average is $20.45 and its 200-day simple moving average is $16.04. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $22.24. The stock has a market capitalization of $128.40 billion, a P/E ratio of 6.47, a price-to-earnings-growth ratio of 0.79 and a beta of 0.38.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%.The business had revenue of $23.54 billion for the quarter. Analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 10.39%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. The Goldman Sachs Group raised 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. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Finally, Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Buy” and an average target price of $18.35.

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.