Thrivent Financial for Lutherans Invests $1.97 Million in Petroleo Brasileiro S.A.- Petrobras $PBR

Thrivent Financial for Lutherans purchased a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 155,611 shares of the oil and gas exploration company’s stock, valued at approximately $1,970,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 55.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 11,680 shares in the last quarter. Focus Partners Wealth boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after acquiring an additional 1,356 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 83.3% in the second quarter. Truist Financial Corp now owns 33,213 shares of the oil and gas exploration company’s stock valued at $415,000 after purchasing an additional 15,094 shares during the period. MGO One Seven LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.6% in the second quarter. MGO One Seven LLC now owns 55,625 shares of the oil and gas exploration company’s stock valued at $696,000 after purchasing an additional 4,383 shares during the period. Finally, Moran Wealth Management LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 8.0% during the second quarter. Moran Wealth Management LLC now owns 438,047 shares of the oil and gas exploration company’s stock worth $5,480,000 after purchasing an additional 32,485 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Up 3.2%

Shares of PBR opened at $15.83 on Thursday. The company’s 50-day simple moving average is $12.97 and its 200-day simple moving average is $12.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $16.03. The stock has a market capitalization of $101.98 billion, a PE ratio of 7.33, a P/E/G ratio of 0.31 and a beta of 0.49.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be issued a dividend of $0.0658 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 21.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PBR shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. The Goldman Sachs Group lifted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, UBS Group raised their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.98.

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.