Archford Capital Strategies LLC Boosts Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Archford Capital Strategies LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 132.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 108,665 shares of the oil and gas exploration company’s stock after acquiring an additional 61,859 shares during the quarter. Archford Capital Strategies LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,376,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PBR. World Investment Advisors lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 6.7% in the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock worth $194,000 after purchasing an additional 961 shares in the last quarter. Drum Hill Capital LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.7% in the third quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after purchasing an additional 866 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 65.1% during the third quarter. Generali Investments CEE investicni spolecnost a.s. now owns 153,400 shares of the oil and gas exploration company’s stock worth $1,942,000 after buying an additional 60,500 shares in the last quarter. Perpetual Ltd lifted its position in Petroleo Brasileiro S.A.- Petrobras by 1.0% during the third quarter. Perpetual Ltd now owns 3,295,157 shares of the oil and gas exploration company’s stock worth $41,717,000 after buying an additional 33,500 shares in the last quarter. Finally, Venture Visionary Partners LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 7.5% during the third quarter. Venture Visionary Partners LLC now owns 247,008 shares of the oil and gas exploration company’s stock worth $3,127,000 after buying an additional 17,222 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PBR. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 15th. One research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.90.

Petroleo Brasileiro S.A.- Petrobras Trading Down 2.3%

PBR opened at $11.56 on Monday. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $14.98. The business has a fifty day simple moving average of $12.28 and a 200-day simple moving average of $12.43. The firm has a market cap of $74.46 billion, a P/E ratio of 5.35, a P/E/G ratio of 0.16 and a beta of 0.53. The company has a quick ratio of 0.57, a current ratio of 0.82 and a debt-to-equity ratio of 0.73.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. On average, equities analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 32.41%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.