Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires 269,803 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Fideuram Intesa Sanpaolo Private Banking S.P.A. raised its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 95.5% in the first quarter, HoldingsChannel.com reports. The firm owned 552,365 shares of the oil and gas exploration company’s stock after purchasing an additional 269,803 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $11,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Moran Wealth Management LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 18.0% in the fourth quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after buying an additional 81,567 shares during the period. ORG Partners LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 2,273.3% during the 4th quarter. ORG Partners LLC now owns 52,283 shares of the oil and gas exploration company’s stock worth $619,000 after acquiring an additional 50,080 shares during the period. Aquatic Capital Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth $10,036,000. Provident Living Financial Services Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at $1,047,000. Finally, Oxbow Advisors LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at $4,955,000.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.7%

Shares of PBR opened at $16.11 on Friday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The company has a market cap of $103.79 billion, a P/E ratio of 5.23, a P/E/G ratio of 0.64 and a beta of 0.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. The firm has a 50 day simple moving average of $18.89 and a two-hundred day simple moving average of $17.08.

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 for the quarter. The firm had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. Research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 11.04%.

Petroleo Brasileiro S.A.- Petrobras News Roundup

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Petrobras approved a $1.2 billion investment for a new biofuels facility at its Presidente Bernardes Refinery, reinforcing its push into renewable fuels and supporting longer-term growth. Petrobras (PBR) Approves $1.2B Investment for New Brazilian Biofuels Facility
• Positive Sentiment: The company also received a new R$1.1 billion diesel subsidy installment, which should help offset fuel-market pressures and support near-term cash flow. Petrobras Receives New R11 Billion Diesel Subsidy Installment
• Neutral Sentiment: Petrobras changed diesel pricing by cutting the sticker price while ending an equal temporary discount, leaving distributor costs largely unchanged and signaling a measured approach as Brazil reduces fuel subsidies. Petrobras Changes Diesel Pricing While Preserving Market Stability
• Neutral Sentiment: Analyst coverage noted that Petrobras has lagged the broader market recently, reflecting ongoing volatility rather than a new company-specific catalyst. Petrobras (PBR) Registers a Bigger Fall Than the Market: Important Facts to Note
• Negative Sentiment: Recent reports also highlighted a share-price pullback and concerns about near-term weakness, even as some investors argue the stock remains cheap relative to earnings and dividends. Petrobras: Buy This Bargain As Dividends Will Soar

Analysts Set New Price Targets

PBR has been the subject of a number of recent analyst reports. Jefferies Financial Group downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their target price for the company from $20.30 to $19.00 in a research report on Friday, March 13th. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.28.

About Petroleo Brasileiro S.A.- Petrobras

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.