WINTON GROUP Ltd Buys Shares of 86,000 Petroleo Brasileiro S.A.- Petrobras $PBR

WINTON GROUP Ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 86,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,019,000.

Other large investors have also made changes to their positions in the company. Moran Wealth Management LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 18.0% during the 4th quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after buying an additional 81,567 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,969,030 shares of the oil and gas exploration company’s stock worth $24,928,000 after acquiring an additional 151,300 shares in the last quarter. ICICI Prudential Asset Management Co Ltd acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth approximately $35,144,000. ORG Partners LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2,273.3% in the 4th quarter. ORG Partners LLC now owns 52,283 shares of the oil and gas exploration company’s stock worth $619,000 after acquiring an additional 50,080 shares in the last quarter. Finally, Mondrian Investment Partners LTD acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at approximately $140,433,000.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.2%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $17.79 on Wednesday. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.32 and a 1-year high of $22.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. The business’s fifty day moving average price is $20.22 and its two-hundred day moving average price is $16.56. The company has a market capitalization of $114.61 billion, a P/E ratio of 5.77, a PEG ratio of 0.71 and a beta of 0.32.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. As a group, research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 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, August 27th. Investors of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.04%.

Wall Street Analysts Forecast Growth

PBR has been the subject of a number of analyst reports. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.70 to $24.80 in a research report on Friday, April 17th. The Goldman Sachs Group boosted their price objective on 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. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. JPMorgan Chase & Co. reduced their price objective on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $19.28.

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.