TrueMark Investments LLC Raises Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

TrueMark Investments LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 15.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 291,680 shares of the oil and gas exploration company’s stock after acquiring an additional 37,944 shares during the period. TrueMark Investments LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,456,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Mondrian Investment Partners LTD purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth $140,433,000. ARGA Investment Management LP raised its position in Petroleo Brasileiro S.A.- Petrobras by 70.4% during the 3rd quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock valued at $238,118,000 after purchasing an additional 7,772,595 shares in the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth $35,144,000. Capital International Investors grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 14.7% during the 3rd quarter. Capital International Investors now owns 20,211,745 shares of the oil and gas exploration company’s stock worth $255,881,000 after buying an additional 2,592,536 shares in the last quarter. Finally, Earnest Partners LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 52.0% during the 3rd quarter. Earnest Partners LLC now owns 4,872,441 shares of the oil and gas exploration company’s stock worth $61,685,000 after buying an additional 1,665,873 shares in the last quarter.

Analysts Set New Price Targets

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

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.0%

Shares of NYSE PBR opened at $20.77 on Monday. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $20.79. The stock’s fifty day simple moving average is $16.59 and its two-hundred day simple moving average is $13.80. The stock has a market capitalization of $133.82 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.21 and a beta of 0.51. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 EPS for the quarter. The firm 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, analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company 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 $0.1191 dividend. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 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.