42,604 Petroleo Brasileiro S.A.- Petrobras $PBR Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 105.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,087 shares of the oil and gas exploration company’s stock after purchasing an additional 42,604 shares during the period. TD Waterhouse Canada Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,747,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Artemis Investment Management LLP increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 4.2% in the third quarter. Artemis Investment Management LLP now owns 6,643,028 shares of the oil and gas exploration company’s stock worth $138,640,000 after purchasing an additional 270,422 shares during the last quarter. Oaktree Capital Management LP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $126,355,000. Carrhae Capital LLP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the second quarter worth about $87,456,000. DJE Kapital AG purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $65,428,000. Finally, Annex Advisory Services LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 18.6% during the third quarter. Annex Advisory Services LLC now owns 2,589,233 shares of the oil and gas exploration company’s stock valued at $54,037,000 after buying an additional 406,268 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $25.68 on Thursday. The company has a market cap of $165.47 billion, a P/E ratio of 6.49, a P/E/G ratio of 2.29 and a beta of 0.29. 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 business’s 50 day moving average price is $21.33 and its 200-day moving average price is $19.76. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.43 and a fifty-two week high of $26.11.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a $0.2649 dividend. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 10.86%.

Analysts Set New Price Targets

Several research firms have weighed in on PBR. JPMorgan Chase & Co. raised their price target on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. UBS Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Finally, Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.

Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.