282,562 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Purchased by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 282,562 shares of the oil and gas exploration company’s stock, valued at approximately $3,348,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New York State Common Retirement Fund grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% during the third quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock worth $34,213,000 after acquiring an additional 467,737 shares during the period. ARGA Investment Management LP grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 70.4% during the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock worth $238,118,000 after acquiring an additional 7,772,595 shares during the period. J. Safra Sarasin Holding AG acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the third quarter worth about $1,342,000. Moran Wealth Management LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 18.0% during the fourth quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock worth $6,340,000 after acquiring an additional 81,567 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.3% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,969,030 shares of the oil and gas exploration company’s stock worth $24,928,000 after acquiring an additional 151,300 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on PBR shares. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their target price for the stock from $20.30 to $19.00 in a report on Friday, March 13th. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group increased their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $18.35.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $19.86 on Thursday. The company has a market cap of $127.97 billion, a PE ratio of 6.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.38. The stock’s 50 day simple moving average is $20.39 and its 200-day simple moving average is $15.95. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $22.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. As a group, equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 10.39%.

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.