Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Paradiem LLC

Paradiem LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 22.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 467,877 shares of the oil and gas exploration company’s stock after acquiring an additional 86,673 shares during the period. Petróleo Brasileiro S.A. – Petrobras accounts for approximately 2.1% of Paradiem LLC’s investment portfolio, making the stock its 20th biggest holding. Paradiem LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $7,472,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $45,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at about $85,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $106,000. Channel Wealth LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $153,000. Finally, Payden & Rygel Investment Group acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $153,000.

Petróleo Brasileiro S.A. – Petrobras Trading Up 1.2 %

Shares of PBR traded up $0.21 during mid-day trading on Friday, hitting $17.05. The company’s stock had a trading volume of 20,004,626 shares, compared to its average volume of 21,103,116. The firm has a 50-day simple moving average of $15.94 and a 200 day simple moving average of $15.90. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $10.01 and a 1-year high of $17.91. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The company had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. On average, research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.52 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, April 29th will be given a dividend of $0.2084 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $0.83 annualized dividend and a yield of 4.89%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 12.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, March 25th. UBS Group upped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $20.00 to $18.00 in a report on Monday, March 11th. Finally, Bank of America downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Company 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.