World Investment Advisors Has $180,000 Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

World Investment Advisors lowered its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 47.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,361 shares of the oil and gas exploration company’s stock after selling 12,967 shares during the quarter. World Investment Advisors’ holdings in Petroleo Brasileiro S.A.- Petrobras were worth $180,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PBR. GQG Partners LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.0% in the first 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 during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at about $148,086,000. Carrhae Capital LLP bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $64,765,000. New York State Common Retirement Fund bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $29,984,000. Finally, Point72 Europe London LLP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $9,376,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on PBR shares. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Finally, UBS Group dropped 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 analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.15 on Thursday. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $78.30 billion, a P/E ratio of 5.68 and a beta of 0.86. The business has a 50-day moving average of $12.28 and a 200-day moving average of $12.21. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates 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%. On average, equities analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be given a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 47.66%.

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.