Shrier Wealth Management LLC Acquires New Shares in Petroleo Brasileiro S.A.- Petrobras $PBR

Shrier Wealth Management LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, HoldingsChannel.com reports. The firm bought 48,104 shares of the oil and gas exploration company’s stock, valued at approximately $570,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after purchasing an additional 1,044 shares in the last quarter. BNP Paribas increased its position in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares in the last quarter. New Millennium Group LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at approximately $59,000. Activest Wealth Management lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 78.5% in the 3rd quarter. Activest Wealth Management now owns 6,864 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 3,018 shares during the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $90,000.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group upped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. The Goldman Sachs Group boosted their price objective on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. Finally, Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their price target for the company from $20.30 to $19.00 in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.20.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $20.72 on Wednesday. The company has a fifty day moving average price of $16.91 and a 200-day moving average price of $13.92. The company has a market capitalization of $133.50 billion, a P/E ratio of 6.81, a PEG ratio of 0.21 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $21.40. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share for the quarter. The business had revenue of $23.61 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%. As a group, equities analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be issued a dividend of $0.1191 per share. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.51%.

Petroleo Brasileiro S.A.- Petrobras 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.