Petroleo Brasileiro S.A.- Petrobras $PBR Position Trimmed by Evergreen Capital Management LLC

Evergreen Capital Management LLC trimmed its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 38.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,541 shares of the oil and gas exploration company’s stock after selling 24,251 shares during the period. Evergreen Capital Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $476,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% during the third quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock worth $34,213,000 after buying an additional 467,737 shares in the last quarter. ARGA Investment Management LP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% in the 3rd quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock valued at $238,118,000 after purchasing an additional 7,772,595 shares during the period. J. Safra Sarasin Holding AG acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at $1,342,000. North of South Capital LLP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 150.9% in the 3rd quarter. North of South Capital LLP now owns 285,373 shares of the oil and gas exploration company’s stock valued at $3,613,000 after purchasing an additional 171,649 shares during the period. Finally, Annex Advisory Services LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.4% in the 3rd quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock valued at $25,247,000 after purchasing an additional 137,370 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.30 to $19.00 in a research report on Friday, March 13th. 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. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. UBS Group raised their price objective 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. Finally, The Goldman Sachs Group raised their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.35.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.2%

Shares of NYSE PBR opened at $20.84 on Monday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $22.05. The firm has a market capitalization of $134.27 billion, a PE ratio of 6.85, a PEG ratio of 0.87 and a beta of 0.37. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.76. The business has a 50-day moving average price of $19.03 and a two-hundred day moving average price of $14.94.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share (EPS) for the quarter. The company had revenue of $23.61 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 22.01% and a return on equity of 24.26%. As a group, analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be paid a dividend of $0.1191 per share. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 10.86%.

Petroleo Brasileiro S.A.- Petrobras 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.