Petroleo Brasileiro S.A.- Petrobras $PBR Shares Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. raised its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 65.1% in the third quarter, Holdings Channel reports. The fund owned 153,400 shares of the oil and gas exploration company’s stock after buying an additional 60,500 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,942,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PBR. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at $148,086,000. Acadian Asset Management LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 11,321.8% in the second quarter. Acadian Asset Management LLC now owns 1,356,687 shares of the oil and gas exploration company’s stock valued at $16,961,000 after buying an additional 1,344,809 shares during the last quarter. Parkwood LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 220.2% during the 2nd quarter. Parkwood LLC now owns 1,485,340 shares of the oil and gas exploration company’s stock worth $18,582,000 after buying an additional 1,021,489 shares during the last quarter. Point72 Europe London LLP purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth about $9,376,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $4,074,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $11.74 on Monday. The firm’s fifty day simple moving average is $12.27 and its 200-day simple moving average is $12.42. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $14.98. The stock has a market capitalization of $75.62 billion, a price-to-earnings ratio of 5.43, a PEG ratio of 0.17 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. As a group, equities analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be issued a dividend of $0.0658 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 24.54%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PBR shares. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.90.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.