Raymond James & Associates Increases Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Raymond James & Associates lifted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 18.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,860 shares of the oil and gas exploration company’s stock after purchasing an additional 13,849 shares during the period. Raymond James & Associates’ holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,435,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Redhawk Wealth Advisors Inc. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $543,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 40.4% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 9,901 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 2,849 shares during the last quarter. Whittier Trust Co. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 24.2% in the 4th quarter. Whittier Trust Co. now owns 42,844 shares of the oil and gas exploration company’s stock worth $684,000 after buying an additional 8,359 shares during the last quarter. Grey Street Capital LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.4% in 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 buying an additional 858 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth about $45,000.

Wall Street Analyst Weigh In

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

Petróleo Brasileiro S.A. – Petrobras Stock Up 5.7 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $16.47 on Friday. The stock’s 50 day simple moving average is $15.97 and its 200-day simple moving average is $15.80. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $10.01 and a 1-year high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96.

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

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Monday, April 29th will be issued a $0.2084 dividend. This represents a $0.83 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Friday, April 26th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 9.95%.

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.