Caprock Group LLC Takes $1.42 Million Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Caprock Group LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 110,204 shares of the oil and gas exploration company’s stock, valued at approximately $1,423,000.

A number of other institutional investors also recently modified their holdings of PBR. New York State Common Retirement Fund grew its stake in shares of 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 valued at $34,213,000 after buying an additional 467,737 shares during the last quarter. ARGA Investment Management LP raised its holdings in 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 worth $238,118,000 after purchasing an additional 7,772,595 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth approximately $1,342,000. North of South Capital LLP lifted its position in Petroleo Brasileiro S.A.- Petrobras by 150.9% during 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 acquiring an additional 171,649 shares during the period. Finally, Annex Advisory Services LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 7.4% during 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 buying an additional 137,370 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.4%

PBR stock opened at $15.19 on Friday. The stock has a market capitalization of $97.86 billion, a PE ratio of 7.03, a price-to-earnings-growth ratio of 0.30 and a beta of 0.49. 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 has a 52 week low of $11.03 and a 52 week high of $16.02. The firm has a 50 day moving average of $13.07 and a 200 day moving average of $12.65.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 21.76%.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. UBS Group increased 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. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, The Goldman Sachs Group upped 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 note on Wednesday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.98.

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.