Todd Asset Management LLC Has $39.72 Million Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Todd Asset Management LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,137,096 shares of the oil and gas exploration company’s stock after purchasing an additional 147,650 shares during the period. Todd Asset Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $39,716,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. ARGA Investment Management LP lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% during the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock worth $238,118,000 after buying an additional 7,772,595 shares during the last quarter. Perpetual Ltd raised its stake in Petroleo Brasileiro S.A.- Petrobras by 1.0% during the 3rd quarter. Perpetual Ltd now owns 3,295,157 shares of the oil and gas exploration company’s stock valued at $41,717,000 after purchasing an additional 33,500 shares during the last quarter. New York State Common Retirement Fund boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% in the 3rd quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock valued at $34,213,000 after purchasing an additional 467,737 shares during the period. Cullen Capital Management LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 5.2% in the 2nd quarter. Cullen Capital Management LLC now owns 2,636,074 shares of the oil and gas exploration company’s stock valued at $32,977,000 after purchasing an additional 129,823 shares during the period. Finally, Annex Advisory Services LLC grew its position in Petroleo Brasileiro S.A.- Petrobras by 7.4% in the 3rd quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock worth $25,247,000 after purchasing an additional 137,370 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $15.19 on Monday. The firm has a 50 day moving average of $13.07 and a 200-day moving average of $12.65. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $97.86 billion, a P/E ratio of 7.03, a price-to-earnings-growth ratio of 0.30 and a beta of 0.49. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $16.02.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PBR shares. The Goldman Sachs Group upped their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. UBS Group raised their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.98.

About Petroleo Brasileiro S.A.- Petrobras

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.