Sachetta LLC Acquires 3,000 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Sachetta LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 142.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 5,100 shares of the oil and gas exploration company’s stock after purchasing an additional 3,000 shares during the quarter. Sachetta LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $64,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $32,000. Wealth Preservation Advisors LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $34,000. Chung Wu Investment Group LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $31,000. Finally, Redwood Park Advisors LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the 1st 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 in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $12.29 on Wednesday. The stock’s fifty day moving average is $12.52 and its 200 day moving average is $12.36. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10. The firm has a market capitalization of $79.17 billion, a PE ratio of 5.74 and a beta of 0.86. 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 released its quarterly earnings results 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). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The company had revenue of $21.04 billion for the quarter, compared to analysts’ expectations of $20.78 billion. On average, sell-side analysts anticipate 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 firm also recently announced a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 48.13%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Saturday, September 27th. Finally, UBS Group decreased their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and an average target price of $15.43.

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.