Petroleo Brasileiro S.A.- Petrobras Plans Special Dividend of $0.18 (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) declared a special dividend on Monday, November 10th. Stockholders of record on Friday, December 26th will be paid a dividend of 0.1773 per share by the oil and gas exploration company on Friday, February 27th. The ex-dividend date is Friday, December 26th.

Petroleo Brasileiro S.A.- Petrobras has increased its dividend payment by an average of 0.4%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 41.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.10 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 32.9%.

Petroleo Brasileiro S.A.- Petrobras Trading Up 3.7%

NYSE:PBR traded up $0.49 during mid-day trading on Tuesday, hitting $13.50. The company had a trading volume of 8,360,625 shares, compared to its average volume of 21,737,420. The firm has a market cap of $86.97 billion, a P/E ratio of 6.30 and a beta of 0.83. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10. The business’s fifty day moving average is $12.29 and its two-hundred day moving average is $12.24. 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 (NYSE:PBR) last issued its earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $23.48 billion during the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. As a group, research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Several institutional investors have recently made changes to their positions in the stock. Salem Investment Counselors Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% in the 2nd quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company’s stock worth $7,065,000 after purchasing an additional 43,750 shares in the last quarter. New York State Common Retirement Fund bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $29,984,000. Banco Santander S.A. lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 15.2% in the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock worth $2,226,000 after purchasing an additional 20,462 shares in the last quarter. Morningstar Investment Management LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 23.8% during the second quarter. Morningstar Investment Management LLC now owns 298,508 shares of the oil and gas exploration company’s stock valued at $3,734,000 after purchasing an additional 57,437 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $148,086,000.

Petroleo 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.