Petroleo Brasileiro S.A.- Petrobras $PBR Position Boosted by United Advisor Group LLC

United Advisor Group LLC increased its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 59.5% in the second quarter, Holdings Channel reports. The firm owned 16,429 shares of the oil and gas exploration company’s stock after purchasing an additional 6,127 shares during the quarter. United Advisor Group LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whipplewood Advisors LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after buying an additional 902 shares during the last quarter. Intrua Financial LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.3% during the 1st quarter. Intrua Financial LLC now owns 16,950 shares of the oil and gas exploration company’s stock valued at $243,000 after acquiring an additional 1,000 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% during the 2nd quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock valued at $398,000 after acquiring an additional 1,000 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in 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 during the last quarter. Finally, Freedom Investment Management Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 10.5% in 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 during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $13.04 on Thursday. The firm has a fifty day moving average of $12.40 and a 200-day moving average of $12.32. The company has a market cap of $84.00 billion, a price-to-earnings ratio of 6.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $23.48 billion for the quarter, compared to analysts’ expectations of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. As a group, equities analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be paid a $0.1773 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 32.41%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group lowered their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research note on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and an average target price of $14.90.

About Petroleo 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.