Petroleo Brasileiro S.A.- Petrobras $PBR Shares Purchased by Level Four Advisory Services LLC

Level Four Advisory Services LLC grew its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 16.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,411 shares of the oil and gas exploration company’s stock after purchasing an additional 5,350 shares during the period. Level Four Advisory Services LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $481,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Salem Investment Counselors Inc. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company’s stock worth $7,065,000 after buying an additional 43,750 shares in the last quarter. Banco Santander S.A. raised its stake in Petroleo Brasileiro S.A.- Petrobras by 15.2% during the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock valued at $2,226,000 after acquiring an additional 20,462 shares in the last quarter. Morningstar Investment Management LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 23.8% during the 2nd quarter. Morningstar Investment Management LLC now owns 298,508 shares of the oil and gas exploration company’s stock worth $3,734,000 after acquiring an additional 57,437 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter worth $148,086,000. Finally, Candriam S.C.A. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $474,000.

Wall Street Analyst Weigh In

PBR has been the topic of a number of recent analyst reports. UBS Group cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and an average target price of $14.90.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $12.52 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $14.98. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The stock has a market cap of $80.65 billion, a PE ratio of 5.85 and a beta of 0.83. The company’s 50-day moving average price is $12.38 and its two-hundred day moving average price is $12.38.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. 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 $23.48 billion for the quarter, compared to analysts’ expectations of $125.50 billion. As a group, sell-side analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be given a $0.1773 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 32.41%.

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.