Whipplewood Advisors LLC Has $36,000 Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Whipplewood Advisors LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 45.7% during the second quarter, Holdings Channel.com reports. The firm owned 2,875 shares of the oil and gas exploration company’s stock after buying an additional 902 shares during the period. Whipplewood Advisors LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $36,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Intrua Financial LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% during the first quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock worth $243,000 after purchasing an additional 1,000 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% during the second quarter. Legacy Wealth Asset Management LLC now owns 39,667 shares of the oil and gas exploration company’s stock worth $496,000 after purchasing an additional 1,145 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 10.5% during the first quarter. Freedom Investment Management Inc. now owns 12,121 shares of the oil and gas exploration company’s stock worth $174,000 after purchasing an additional 1,152 shares in the last quarter. Morningstar Investment Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% during the first quarter. Morningstar Investment Management LLC now owns 241,071 shares of the oil and gas exploration company’s stock worth $3,457,000 after purchasing an additional 1,169 shares in the last quarter. Finally, MAS Advisors LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 4.5% in the second quarter. MAS Advisors LLC now owns 29,024 shares of the oil and gas exploration company’s stock valued at $363,000 after buying an additional 1,237 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Up 1.0%

Shares of NYSE:PBR opened at $11.86 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The company has a market capitalization of $76.40 billion, a PE ratio of 5.54 and a beta of 0.86. The company has a 50 day moving average price of $12.31 and a two-hundred day moving average price of $12.19.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The firm had revenue of $21.04 billion during the quarter, compared to the consensus estimate of $20.78 billion. Analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be given a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 48.13%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, UBS Group cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo 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 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.