Morningstar Investment Management LLC Has $3.73 Million Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Morningstar Investment Management LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 298,508 shares of the oil and gas exploration company’s stock after purchasing an additional 57,437 shares during the quarter. Petroleo Brasileiro S.A.- Petrobras makes up approximately 0.3% of Morningstar Investment Management LLC’s portfolio, making the stock its 28th largest position. Morningstar Investment Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,734,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PBR. D Orazio & Associates Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $173,000. Sagespring Wealth Partners LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $178,000. Inscription Capital LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $189,000. Lesa Sroufe & Co acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $4,900,000. Finally, United Advisor Group LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $148,000.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. UBS Group cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, 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 Price Performance

Shares of PBR opened at $11.82 on Tuesday. The firm has a market cap of $76.14 billion, a PE ratio of 5.52 and a beta of 0.86. The firm’s 50 day moving average price is $12.45 and its 200 day moving average price is $12.28. 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.

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). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The business had revenue of $21.04 billion for the quarter, compared to the consensus estimate of $20.78 billion. As a group, research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be given a $0.0739 dividend. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 48.13%.

About Petroleo Brasileiro S.A.- Petrobras

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.