TD Private Client Wealth LLC Has $251,000 Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

TD Private Client Wealth LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 15.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,086 shares of the oil and gas exploration company’s stock after purchasing an additional 2,667 shares during the quarter. TD Private Client Wealth LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 78.8% during the first quarter. Parallel Advisors LLC now owns 32,584 shares of the oil and gas exploration company’s stock valued at $467,000 after acquiring an additional 14,358 shares in the last quarter. Viking Fund Management LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 15.0% in the first quarter. Viking Fund Management LLC now owns 23,000 shares of the oil and gas exploration company’s stock worth $330,000 after acquiring an additional 3,000 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 20.5% in the first quarter. Annex Advisory Services LLC now owns 1,818,558 shares of the oil and gas exploration company’s stock worth $26,078,000 after acquiring an additional 309,752 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 3.6% during the first quarter. SeaCrest Wealth Management LLC now owns 58,125 shares of the oil and gas exploration company’s stock worth $834,000 after buying an additional 2,012 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $169,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of NYSE:PBR opened at $13.08 on Monday. The stock has a market capitalization of $84.29 billion, a P/E ratio of 6.11 and a beta of 0.91. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.34. The business has a 50-day moving average price of $12.52 and a two-hundred day moving average price of $12.42. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its earnings results 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%. Equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PBR shares. Bank of America downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research note on Monday, June 9th. UBS Group cut their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating for the company in a report on Friday, August 22nd. Finally, Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

About Petroleo Brasileiro S.A.- Petrobras

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.