Capital International Investors Increases Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Capital International Investors increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 51.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,637,308 shares of the oil and gas exploration company’s stock after buying an additional 10,425,563 shares during the period. Capital International Investors’ holdings in Petroleo Brasileiro S.A.- Petrobras were worth $363,052,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PBR. GHP Investment Advisors Inc. purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $26,000. Clearstead Advisors LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,706 shares during the period. Geneos Wealth Management Inc. increased its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% during 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 period. Bayforest Capital Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth approximately $39,000. Finally, BNP Paribas increased its stake in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after buying an additional 3,000 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.0%

NYSE PBR opened at $17.76 on Monday. 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. The stock has a market capitalization of $114.43 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.71 and a beta of 0.32. The firm has a 50 day moving average of $20.33 and a two-hundred day moving average of $16.49.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its 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 during the quarter. As a group, research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 11.04%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PBR shares. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. The Goldman Sachs Group boosted their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Jefferies Financial Group cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.30 to $19.00 in a report on Friday, March 13th. Finally, Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.