RWC Asset Advisors US LLC Sells 3,224,940 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

RWC Asset Advisors US LLC trimmed its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 68.0% in the 3rd quarter, Holdings Channel reports. The firm owned 1,518,583 shares of the oil and gas exploration company’s stock after selling 3,224,940 shares during the period. Petroleo Brasileiro S.A.- Petrobras accounts for approximately 3.1% of RWC Asset Advisors US LLC’s holdings, making the stock its 11th biggest position. RWC Asset Advisors US LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $19,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Drum Hill Capital LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after buying an additional 866 shares during the last quarter. Whipplewood Advisors LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 902 shares during the last quarter. World Investment Advisors increased its position in Petroleo Brasileiro S.A.- Petrobras by 6.7% during the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 961 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 3.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock valued at $398,000 after acquiring an additional 1,000 shares during the period. Finally, Avestar Capital LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 3.1% in the second quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock worth $413,000 after purchasing an additional 1,003 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.0%

Petroleo Brasileiro S.A.- Petrobras stock opened at $11.89 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $14.98. The firm has a market capitalization of $76.59 billion, a price-to-earnings ratio of 5.50, a P/E/G ratio of 0.25 and a beta of 0.51. The firm has a 50 day moving average of $12.28 and a 200 day moving average of $12.35. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. As a group, research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 21.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on PBR shares. Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and an average target price of $14.90.

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.