Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Raised by ARGA Investment Management LP

ARGA Investment Management LP increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 70.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,808,705 shares of the oil and gas exploration company’s stock after acquiring an additional 7,772,595 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises 6.3% of ARGA Investment Management LP’s portfolio, making the stock its 4th biggest position. ARGA Investment Management LP owned about 0.29% of Petroleo Brasileiro S.A.- Petrobras worth $238,118,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Westfuller Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter worth $90,000. TrueMark Investments LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 14.8% in the third quarter. TrueMark Investments LLC now owns 253,736 shares of the oil and gas exploration company’s stock worth $3,212,000 after purchasing an additional 32,736 shares during the last quarter. Ridgewood Investments LLC grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 18.7% in the third quarter. Ridgewood Investments LLC now owns 74,910 shares of the oil and gas exploration company’s stock worth $948,000 after purchasing an additional 11,824 shares during the last quarter. Samalin Investment Counsel LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth about $175,000. Finally, Arkadios Wealth Advisors lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 49.6% during the 3rd quarter. Arkadios Wealth Advisors now owns 24,999 shares of the oil and gas exploration company’s stock valued at $316,000 after buying an additional 8,288 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR stock opened at $14.27 on Friday. The stock’s 50-day moving average is $12.34 and its 200 day moving average is $12.38. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $14.98. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The company has a market cap of $91.96 billion, a P/E ratio of 6.61, a PEG ratio of 0.29 and a beta of 0.51.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be paid a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 21.76%.

Wall Street Analyst Weigh In

PBR has been the topic of a number of research analyst reports. UBS Group upped their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.97.

About Petroleo Brasileiro S.A.- Petrobras

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.