Sachetta LLC Raises Stock Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Sachetta LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 142.9% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,100 shares of the oil and gas exploration company’s stock after buying 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 quarter.

Other hedge funds have also bought and sold shares of the company. Financial Gravity Asset Management Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $29,000. Chung Wu Investment Group LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $31,000. Wayfinding Financial LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $32,000. Wealth Preservation Advisors LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $34,000. Finally, Redwood Park Advisors LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 95.6% in 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 buying an additional 1,810 shares during the last quarter.

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

Shares of NYSE:PBR opened at $12.29 on Wednesday. The stock has a 50 day moving average of $12.52 and a 200 day moving average of $12.36. The company has a market cap of $79.17 billion, a PE ratio of 5.74 and a beta of 0.86. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 15.99% and a return on equity of 34.11%. As a group, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared 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 is presently 48.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PBR shares. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Saturday, September 27th. Finally, UBS Group reduced their price target on shares of 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. One 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. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and a consensus 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.