Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Creative Planning

Creative Planning increased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 31.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 155,013 shares of the oil and gas exploration company’s stock after acquiring an additional 37,181 shares during the period. Creative Planning’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,234,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Mackenzie Financial Corp increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.8% in the second quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock worth $20,809,000 after buying an additional 39,682 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 48.8% in the first quarter. Janney Montgomery Scott LLC now owns 65,093 shares of the oil and gas exploration company’s stock worth $990,000 after acquiring an additional 21,352 shares in the last quarter. Diversified Trust Co raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 127.1% during the 2nd quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock worth $1,987,000 after buying an additional 76,752 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 22.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,750 shares of the oil and gas exploration company’s stock worth $483,000 after buying an additional 5,750 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth about $1,521,000.

Analysts Set New Price Targets

Several analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. UBS Group reduced their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. The Goldman Sachs Group reduced their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. Finally, HSBC lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $13.79 on Monday. The stock has a fifty day moving average price of $14.72 and a 200-day moving average price of $15.00. The company has a market cap of $89.94 billion, a price-to-earnings ratio of 4.01, a PEG ratio of 0.21 and a beta of 1.39. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.90 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $24.22 billion. As a group, equities analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 2.4 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently declared a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be paid a $0.165 dividend. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 25.00%.

Petróleo 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.