SageView Advisory Group LLC Makes New Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

SageView Advisory Group LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,430 shares of the oil and gas exploration company’s stock, valued at approximately $706,000.

Several other institutional investors have also recently bought and sold shares of the business. Janney Montgomery Scott LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $686,000. HighTower Advisors LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 21.1% in the third quarter. HighTower Advisors LLC now owns 44,666 shares of the oil and gas exploration company’s stock valued at $666,000 after buying an additional 7,770 shares during the period. Kestra Advisory Services LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 29.4% in the third quarter. Kestra Advisory Services LLC now owns 26,485 shares of the oil and gas exploration company’s stock valued at $397,000 after buying an additional 6,012 shares during the period. Stokes Family Office LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 13.8% in the third quarter. Stokes Family Office LLC now owns 17,670 shares of the oil and gas exploration company’s stock valued at $265,000 after buying an additional 2,139 shares during the period. Finally, Mariner LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 105.3% in the third quarter. Mariner LLC now owns 32,898 shares of the oil and gas exploration company’s stock valued at $493,000 after buying an additional 16,873 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PBR. Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 11th. Jefferies Financial Group lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.20 to $17.70 in a research report on Wednesday, May 15th. UBS Group increased their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, March 25th. Finally, Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $16.33.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of PBR stock opened at $13.50 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $13.02 and a fifty-two week high of $17.91. The business’s 50 day moving average price is $15.76 and its 200-day moving average price is $15.91. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.09). The firm had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. During the same quarter in the prior year, the firm earned $1.11 earnings per share. On average, sell-side analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.54 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, June 13th will be paid a $0.0288 dividend. This represents a dividend yield of 16%. The ex-dividend date of this dividend is Thursday, June 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 26.45%.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.