Strs Ohio Takes $537,000 Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Strs Ohio bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,465 shares of the oil and gas exploration company’s stock, valued at approximately $537,000.

Other large investors also recently made changes to their positions in the company. GQG Partners LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.0% in the 1st quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock valued at $3,672,458,000 after buying an additional 18,862,848 shares in the last quarter. ARGA Investment Management LP grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.3% in the 1st quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock valued at $158,258,000 after buying an additional 38,312 shares in the last quarter. Carrhae Capital LLP bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $64,765,000. Artemis Investment Management LLP grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock valued at $56,052,000 after buying an additional 905,800 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 3.0% in the 1st quarter. Earnest Partners LLC now owns 3,242,860 shares of the oil and gas exploration company’s stock valued at $46,503,000 after buying an additional 93,409 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.64 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The stock has a fifty day moving average price of $12.45 and a two-hundred day moving average price of $12.41. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $15.34. The firm has a market capitalization of $81.46 billion, a P/E ratio of 5.91 and a beta of 0.91.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. As a group, analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.0739 per share. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 48.13%.

Analyst Ratings Changes

Several equities research analysts recently commented on PBR shares. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. Finally, UBS Group decreased their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a research report on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.14.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.