J. Safra Sarasin Holding AG Makes New $1.34 Million Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

J. Safra Sarasin Holding AG bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 106,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,342,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Drum Hill Capital LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after acquiring an additional 866 shares during the period. Whipplewood Advisors LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 902 shares during the last quarter. World Investment Advisors boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% during the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 961 shares during the period. Pekin Hardy Strauss Inc. grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% in the second quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock worth $398,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Avestar Capital LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 3.1% in the 2nd quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock worth $413,000 after buying an additional 1,003 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR opened at $15.39 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. The company has a 50 day moving average price of $12.45 and a 200-day moving average price of $12.42. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.40. The stock has a market capitalization of $99.15 billion, a PE ratio of 7.12, a PEG ratio of 0.31 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. Equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 21.76%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. UBS Group lifted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $14.97.

About Petroleo Brasileiro S.A.- Petrobras

Petro?leo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.