Ted Buchan & Co Decreases Stock Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Ted Buchan & Co lowered its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 25.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 191,403 shares of the oil and gas exploration company’s stock after selling 63,933 shares during the quarter. Petroleo Brasileiro S.A.- Petrobras makes up about 0.8% of Ted Buchan & Co’s investment portfolio, making the stock its 28th biggest position. Ted Buchan & Co’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,268,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Insigneo Advisory Services LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the third quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock worth $2,671,000 after purchasing an additional 780 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.6% in the 4th quarter. Truist Financial Corp now owns 32,726 shares of the oil and gas exploration company’s stock valued at $388,000 after buying an additional 829 shares in the last quarter. Intrua Financial LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.7% in the 4th quarter. Intrua Financial LLC now owns 28,785 shares of the oil and gas exploration company’s stock worth $341,000 after buying an additional 1,040 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,044 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.9% during the 4th quarter. State of Wyoming now owns 59,672 shares of the oil and gas exploration company’s stock worth $707,000 after acquiring an additional 1,130 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $18.24 on Thursday. The company has a 50 day moving average price of $20.41 and a 200 day moving average price of $16.42. The firm has a market capitalization of $117.51 billion, a P/E ratio of 5.92, a PEG ratio of 0.75 and a beta of 0.32. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. The business had revenue of $23.54 billion for the quarter. Sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 10.71%.

Analyst Ratings Changes

A number of research firms recently commented on PBR. Jefferies Financial Group cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their target price for the company from $20.30 to $19.00 in a research report on Friday, March 13th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and an average target price of $19.28.

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.