63,579 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Timothy G. Youngquist 2020 Irrevocable Trust

Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the second quarter, Holdings Channel.com reports. The fund bought 63,579 shares of the oil and gas exploration company’s stock, valued at approximately $1,027,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% during the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock valued at $363,052,000 after purchasing an additional 10,425,563 shares during the period. ARGA Investment Management LP lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after buying an additional 166,472 shares during the period. Mondrian Investment Partners LTD boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock valued at $149,963,000 after buying an additional 1,562,473 shares in the last quarter. Oaktree Capital Management LP bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $126,355,000. Finally, Earnest Partners LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 9.5% during the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after acquiring an additional 462,889 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.2%

Petroleo Brasileiro S.A.- Petrobras stock opened at $18.20 on Wednesday. The firm has a market cap of $117.32 billion, a PE ratio of 4.60, a P/E/G ratio of 0.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The firm’s 50 day moving average price is $17.65 and its two-hundred day moving average price is $18.39. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.43 and a twelve month high of $22.24.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, August 25th will be issued a dividend of $0.2649 per share. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 8.59%.

Analysts Set New Price Targets

Several equities research analysts have commented on PBR shares. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. 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 for the company in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.