Stratos Wealth Advisors LLC Makes New Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

Stratos Wealth Advisors LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,352 shares of the oil and gas exploration company’s stock, valued at approximately $130,000.

Other large investors have also bought and sold shares of the company. TrueMark Investments LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $2,678,000. Salem Investment Counselors Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% during the second quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company’s stock valued at $7,065,000 after buying an additional 43,750 shares during the period. New York State Common Retirement Fund purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $29,984,000. Banco Santander S.A. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 15.2% during the first quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company’s stock valued at $2,226,000 after buying an additional 20,462 shares during the period. Finally, Kingstone Capital Partners Texas LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $148,086,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PBR shares. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Sunday. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, UBS Group reduced their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research note 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.43.

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

Petroleo Brasileiro S.A.- Petrobras stock opened at $11.71 on Tuesday. 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 business’s fifty day simple moving average is $12.35 and its two-hundred day simple moving average is $12.20. 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 market capitalization of $75.43 billion, a price-to-earnings ratio of 5.47 and a beta of 0.86.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend 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.