Ballentine Partners LLC Decreases Stock Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Ballentine Partners LLC lessened its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 12.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 11,593 shares of the oil and gas exploration company’s stock after selling 1,642 shares during the period. Ballentine Partners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $145,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $1,092,000. Park Avenue Securities LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $212,000. Annex Advisory Services LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 2.1% in the 2nd quarter. Annex Advisory Services LLC now owns 1,856,898 shares of the oil and gas exploration company’s stock valued at $23,230,000 after purchasing an additional 38,340 shares during the last quarter. Perpetual Ltd increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 1.5% in the 2nd quarter. Perpetual Ltd now owns 3,261,657 shares of the oil and gas exploration company’s stock valued at $40,803,000 after purchasing an additional 48,400 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $148,086,000.

Petroleo Brasileiro S.A.- Petrobras Trading Down 1.5%

NYSE PBR opened at $12.66 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The firm has a market cap of $81.59 billion, a PE ratio of 5.92 and a beta of 0.91. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.34. The firm’s fifty day moving average is $12.55 and its two-hundred day moving average is $12.42.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The business had revenue of $21.04 billion during the quarter, compared to analyst estimates of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. Analysts expect 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. Shareholders of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 48.13%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. UBS Group decreased their price target on shares of 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. Finally, Bank of America cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “neutral” rating in a research report on Monday, June 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently 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.