Petroleo Brasileiro S.A.- Petrobras Declares Special Dividend of $0.19 (NYSE:PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) declared a special dividend on Friday, August 7th. Stockholders of record on Tuesday, August 25th will be given a dividend of 0.1853 per share by the oil and gas exploration company on Tuesday, December 29th. The ex-dividend date of this dividend is Tuesday, August 25th.

Petroleo Brasileiro S.A.- Petrobras has raised its dividend payment by an average of 0.3%per year over the last three years. Petroleo Brasileiro S.A.- Petrobras has a payout ratio of 17.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Petroleo Brasileiro S.A.- Petrobras to earn $3.53 per share next year, which means the company should continue to be able to cover its $0.43 annual dividend with an expected future payout ratio of 12.2%.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.6%

Shares of NYSE:PBR opened at $19.13 on Friday. The stock has a 50-day simple moving average of $17.69 and a 200-day simple moving average of $18.44. The stock has a market capitalization of $123.28 billion, a P/E ratio of 4.83, a PEG ratio of 0.78 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.

Institutional Investors Weigh In On Petroleo Brasileiro S.A.- Petrobras

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 273.4% in 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 in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,044 shares during the last quarter. Ascentis Independent Advisors purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $51,000. Harbor Investment Advisory LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $54,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 264.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 4,544 shares of the oil and gas exploration company’s stock worth $54,000 after acquiring an additional 3,296 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Company 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.