RBF Capital LLC Trims Position in Petroleo Brasileiro S.A.- Petrobras $PBR

RBF Capital LLC decreased its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 40.0% in the first quarter, HoldingsChannel reports. The institutional investor owned 60,000 shares of the oil and gas exploration company’s stock after selling 40,000 shares during the period. RBF Capital LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,245,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $26,000. Clearstead Advisors LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% in the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 1,706 shares during the period. Geneos Wealth Management Inc. grew its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% in 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 purchasing an additional 1,044 shares in the last quarter. Bayforest Capital Ltd bought a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter worth approximately $39,000. Finally, Ascentis Independent Advisors bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $51,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on PBR shares. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Bank of America raised shares of 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. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $18.61 on Thursday. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.43 and a 12 month high of $22.24. The stock has a fifty day moving average price of $17.76 and a 200-day moving average price of $17.88. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The firm has a market cap of $119.96 billion, a PE ratio of 6.04, a P/E/G ratio of 0.80 and a beta of 0.33.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%.The company had revenue of $23.54 billion during the quarter. Equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.28 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

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.