Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Position Raised by Bogart Wealth LLC

Bogart Wealth LLC grew its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 571.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,350 shares of the oil and gas exploration company’s stock after purchasing an additional 2,000 shares during the period. Bogart Wealth LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $34,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mackenzie Financial Corp grew its position in Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock worth $20,809,000 after purchasing an additional 39,682 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 48.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,093 shares of the oil and gas exploration company’s stock worth $990,000 after acquiring an additional 21,352 shares during the period. Diversified Trust Co lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 127.1% in the 2nd quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock worth $1,987,000 after acquiring an additional 76,752 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 22.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,750 shares of the oil and gas exploration company’s stock worth $483,000 after acquiring an additional 5,750 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $1,521,000.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.4 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.79 on Friday. The company has a market capitalization of $89.94 billion, a P/E ratio of 4.01, a P/E/G ratio of 0.21 and a beta of 1.39. The firm’s fifty day simple moving average is $14.75 and its 200-day simple moving average is $15.03. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.90 and a 1-year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. Sell-side analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 2.4 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on PBR shares. UBS Group cut their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research note on Monday, August 19th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $20.00 in a research note on Monday, August 26th. JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $16.50 to $19.00 in a research note on Wednesday, September 25th. HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, The Goldman Sachs Group decreased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.