Todd Asset Management LLC Decreases Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Todd Asset Management LLC decreased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 12.6% in the 4th quarter, HoldingsChannel reports. The fund owned 1,918,039 shares of the oil and gas exploration company’s stock after selling 277,647 shares during the quarter. Todd Asset Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $30,631,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Money Concepts Capital Corp raised its position in Petróleo Brasileiro S.A. – Petrobras by 9.6% during the third quarter. Money Concepts Capital Corp now owns 790,133 shares of the oil and gas exploration company’s stock worth $11,844,000 after acquiring an additional 69,336 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 29.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 26,485 shares of the oil and gas exploration company’s stock worth $397,000 after purchasing an additional 6,012 shares during the period. Dfpg Investments LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 60.1% in the fourth quarter. Dfpg Investments LLC now owns 37,734 shares of the oil and gas exploration company’s stock valued at $626,000 after buying an additional 14,164 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 59.3% during the third quarter. Commonwealth Equity Services LLC now owns 516,399 shares of the oil and gas exploration company’s stock valued at $7,741,000 after purchasing an additional 192,327 shares during the period. Finally, Zweig DiMenna Associates LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth $1,926,000.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE PBR traded down $0.56 on Friday, reaching $16.43. The company had a trading volume of 26,048,446 shares, compared to its average volume of 20,169,522. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $10.03 and a fifty-two week high of $17.91. The business has a 50 day moving average of $15.88 and a two-hundred day moving average of $15.96.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. The business had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. On average, sell-side analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.6 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 6th will be given a dividend of $0.3406 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 21.99%.

Analyst Upgrades and Downgrades

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

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.