Diversified Trust Co Increases Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Diversified Trust Co lifted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 127.1% in the 2nd quarter, Holdings Channel reports. The firm owned 137,141 shares of the oil and gas exploration company’s stock after acquiring an additional 76,752 shares during the period. Diversified Trust Co’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,987,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 1,468 shares during the last quarter. Frank Rimerman Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $54,000. SYSTM Wealth Solutions LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 210.6% during the first quarter. SYSTM Wealth Solutions LLC now owns 3,998 shares of the oil and gas exploration company’s stock valued at $61,000 after acquiring an additional 2,711 shares during the last quarter. Founders Capital Management increased its position in Petróleo Brasileiro S.A. – Petrobras by 17.5% during the first quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock valued at $71,000 after acquiring an additional 700 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 101.7% during the first quarter. Sound Income Strategies LLC now owns 5,643 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 2,845 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group dropped their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research note on Tuesday. Jefferies Financial Group downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.20 to $17.70 in a research report on Wednesday, May 15th. Finally, Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $17.24.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.4 %

NYSE PBR traded up $0.06 during midday trading on Wednesday, hitting $14.83. 813,351 shares of the company traded hands, compared to its average volume of 18,365,670. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.81. The company has a market cap of $96.72 billion, a PE ratio of 4.29, a price-to-earnings-growth ratio of 0.15 and a beta of 1.41. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $12.90 and a 52 week high of $17.91. The company’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $15.55.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). The business had revenue of $23.77 billion during the quarter, compared to analyst estimates of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 31.07% and a net margin of 22.46%. During the same period in the previous year, the business earned $1.11 EPS. As a group, equities research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.36 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, June 13th will be paid a $0.0288 dividend. The ex-dividend date is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 26.16%.

About Petróleo Brasileiro S.A. – Petrobras

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.