Petroleo Brasileiro S.A.- Petrobras $PBR Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,441 shares of the oil and gas exploration company’s stock after selling 2,622 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $393,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBR. Financial Gravity Asset Management Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $29,000. Wayfinding Financial LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $32,000. Wealth Preservation Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $34,000. Redwood Park Advisors LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 95.6% in the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock valued at $53,000 after buying an additional 1,810 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $115,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Sunday. 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 research report on Friday, August 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $11.64 on Friday. The firm has a market capitalization of $74.98 billion, a P/E ratio of 5.44 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10. 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 business’s 50-day simple moving average is $12.36 and its 200-day simple moving average is $12.22.

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 for the quarter, missing the consensus estimate of $0.70 by ($0.06). The firm 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%. Equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Tuesday, December 30th. Investors 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 (DPR) is presently 48.13%.

Petroleo Brasileiro S.A.- Petrobras 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.