Aprio Wealth Management LLC Has $260,000 Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Aprio Wealth Management LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,013 shares of the oil and gas exploration company’s stock after buying an additional 1,345 shares during the period. Aprio Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $260,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% in the 3rd quarter. Park Avenue Securities LLC now owns 63,486 shares of the oil and gas exploration company’s stock valued at $915,000 after purchasing an additional 13,479 shares in the last quarter. University of Texas Texas AM Investment Management Co. boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 112.5% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 26,627 shares of the oil and gas exploration company’s stock valued at $386,000 after purchasing an additional 14,098 shares in the last quarter. Bluefin Capital Management LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 152.3% in the 2nd quarter. Bluefin Capital Management LLC now owns 26,019 shares of the oil and gas exploration company’s stock valued at $377,000 after purchasing an additional 15,708 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $1,521,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 1.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 1,430,800 shares of the oil and gas exploration company’s stock valued at $20,732,000 after purchasing an additional 18,800 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PBR. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $18.00 to $20.00 in a research note on Monday, August 26th. The Goldman Sachs Group reduced their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price objective for the company from $16.80 to $17.90 in a report on Thursday, June 27th. UBS Group dropped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Down 2.7 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.91 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.90 and a 52-week high of $17.91. The firm has a 50 day moving average price of $14.71 and a two-hundred day moving average price of $15.10. The firm has a market cap of $97.24 billion, a price-to-earnings ratio of 4.33, a PEG ratio of 0.23 and a beta of 1.39.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. The firm had revenue of $23.47 billion during the quarter, compared to analyst estimates of $24.22 billion. Equities analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 2.36 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be issued 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 yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 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.