Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Cut by Ignite Planners LLC

Ignite Planners LLC lessened its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 78.3% during the second quarter, Holdings Channel reports. The institutional investor owned 19,511 shares of the oil and gas exploration company’s stock after selling 70,249 shares during the quarter. Ignite Planners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $234,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GQG Partners LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.0% during the first quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock worth $3,672,458,000 after acquiring an additional 18,862,848 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $148,086,000. Carrhae Capital LLP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $64,765,000. Perpetual Ltd grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.5% in the 2nd quarter. Perpetual Ltd now owns 3,261,657 shares of the oil and gas exploration company’s stock worth $40,803,000 after purchasing an additional 48,400 shares during the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% in the 1st quarter. Earnest Partners LLC now owns 3,242,860 shares of the oil and gas exploration company’s stock worth $46,503,000 after purchasing an additional 93,409 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Wall Street Zen lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Finally, UBS Group reduced their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.3%

NYSE PBR opened at $13.02 on Friday. The firm’s 50 day moving average price is $12.34 and its two-hundred day moving average price is $12.27. 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 twelve month low of $11.03 and a twelve month high of $15.10. The stock has a market cap of $83.92 billion, a price-to-earnings ratio of 6.09 and a beta of 0.83.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be given a dividend of $0.1773 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 47.22%.

Petroleo Brasileiro S.A.- Petrobras 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.