BankPlus Trust Department Makes New $521,000 Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

BankPlus Trust Department acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,000 shares of the oil and gas exploration company’s stock, valued at approximately $521,000.

Other hedge funds have also recently bought and sold shares of the company. Bayforest Capital Ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $39,000. GHP Investment Advisors Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $26,000. Moran Wealth Management LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 18.0% in the fourth quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after buying an additional 81,567 shares in the last quarter. Annex Advisory Services LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 5.7% in the fourth quarter. Annex Advisory Services LLC now owns 2,108,579 shares of the oil and gas exploration company’s stock valued at $24,987,000 after buying an additional 114,311 shares in the last quarter. Finally, Abbington Investment Group increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 8.1% in the fourth quarter. Abbington Investment Group now owns 309,572 shares of the oil and gas exploration company’s stock valued at $3,668,000 after buying an additional 23,099 shares in the last quarter.

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

NYSE:PBR opened at $20.43 on Monday. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $22.05. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48. The stock has a market capitalization of $131.66 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 0.17 and a beta of 0.37. The business’s 50-day simple moving average is $18.47 and its 200-day simple moving average is $14.64.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share (EPS) for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%.The business had revenue of $23.61 billion for the quarter. Sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, April 24th will be issued a dividend of $0.1191 per share. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.51%.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of research reports. UBS Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. The Goldman Sachs Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Moderate Buy” and a consensus price target of $18.35.

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.