Prime Capital Investment Advisors LLC Purchases 10,861 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Prime Capital Investment Advisors LLC increased its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 12.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 101,155 shares of the oil and gas exploration company’s stock after buying an additional 10,861 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,265,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in PBR. Financial Gravity Asset Management Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $29,000. Chung Wu Investment Group LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $31,000. Wayfinding Financial LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $34,000. Finally, Redwood Park Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock worth $53,000 after acquiring an additional 1,810 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. UBS Group cut their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research report on Friday, August 22nd. Finally, Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.6%

Shares of NYSE:PBR opened at $12.21 on Thursday. The company has a market cap of $78.69 billion, a price-to-earnings ratio of 5.71 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.10. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $12.51 and a 200 day moving average price of $12.36.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to the consensus estimate of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. As a group, equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 48.13%.

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.