Oaktree Fund Advisors LLC Has $6.90 Million Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Oaktree Fund Advisors LLC decreased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 476,414 shares of the oil and gas exploration company’s stock after selling 55,778 shares during the period. Petróleo Brasileiro S.A. – Petrobras comprises 6.5% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 7th largest holding. Oaktree Fund Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $6,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PBR. EverSource Wealth Advisors LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $32,000. Nisa Investment Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras in the second quarter worth approximately $35,000. Finally, ANTIPODES PARTNERS Ltd purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth $45,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on PBR shares. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. UBS Group decreased their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research note on Monday, August 19th. The Goldman Sachs Group lowered their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.80 to $17.90 in a report on Thursday, June 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.07.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.7 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.39 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. The stock’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $15.13. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The company had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $24.22 billion. As a group, research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.14 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a Variable dividend, which will be paid on Friday, November 29th. Investors of record on Friday, August 23rd will be given a dividend of $0.165 per share. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date is Friday, August 23rd. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 25.00%.

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.