Banco Bilbao Vizcaya Argentaria S.A. Has $347,000 Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 95.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,621 shares of the oil and gas exploration company’s stock after purchasing an additional 13,495 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $347,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Chung Wu Investment Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $31,000. Wealth Preservation Advisors LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $34,000. Whipplewood Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after purchasing an additional 902 shares during the period. Redwood Park Advisors LLC increased 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 purchasing an additional 1,810 shares in the last quarter. Finally, Sachetta LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 142.9% during the second quarter. Sachetta LLC now owns 5,100 shares of the oil and gas exploration company’s stock worth $64,000 after acquiring an additional 3,000 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.1%

PBR opened at $13.11 on Wednesday. The stock’s fifty day simple moving average is $12.39 and its 200 day simple moving average is $12.31. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10. The stock has a market cap of $84.50 billion, a PE ratio of 6.13 and a beta of 0.83. 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 released its quarterly earnings data on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $23.48 billion for the quarter, compared to the consensus estimate of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. As a group, research 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 company also recently announced a special dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, December 26th will be given a $0.1773 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 32.41%.

Wall Street Analysts Forecast Growth

A number of equities 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 research note on Monday. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. UBS Group reduced 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and a consensus price target of $14.90.

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.