Glenorchy Capital Ltd Purchases New Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Glenorchy Capital Ltd acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 26,210 shares of the oil and gas exploration company’s stock, valued at approximately $419,000.

A number of other large investors also recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.7% during the third quarter. Checchi Capital Advisers LLC now owns 25,750 shares of the oil and gas exploration company’s stock worth $386,000 after buying an additional 675 shares during the last quarter. Cerity Partners LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,280 shares of the oil and gas exploration company’s stock worth $196,000 after acquiring an additional 848 shares during the period. Grey Street Capital LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.4% during the 4th quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock worth $439,000 after acquiring an additional 858 shares during the period. Morningstar Investment Services LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.7% during the 3rd quarter. Morningstar Investment Services LLC now owns 22,867 shares of the oil and gas exploration company’s stock valued at $339,000 after acquiring an additional 1,238 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 19.8% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 12,207 shares of the oil and gas exploration company’s stock valued at $183,000 after purchasing an additional 2,014 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR traded up $0.01 during trading on Tuesday, hitting $16.95. The stock had a trading volume of 21,965,684 shares, compared to its average volume of 19,629,957. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $10.01 and a 12 month high of $17.91. The company’s 50-day moving average price is $15.96 and its two-hundred day moving average price is $15.87. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.15. The firm had revenue of $27.11 billion for the quarter, compared to analyst estimates of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. On average, equities analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, April 29th will be paid a $0.2084 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date of this dividend is Friday, April 26th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 9.95%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PBR. Morgan Stanley cut Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, March 11th. Bank of America lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, March 8th. UBS Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research report on Monday, March 25th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a report on Monday, March 25th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and an average price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.