Advisors Preferred LLC Purchases New Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Advisors Preferred LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 196,191 shares of the oil and gas exploration company’s stock, valued at approximately $2,476,000.

A number of other large investors have also recently made changes to their positions in PBR. ARGA Investment Management LP raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% in the third 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 buying an additional 7,772,595 shares during the period. Mondrian Investment Partners LTD bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at $140,433,000. Perpetual Ltd increased its stake in Petroleo Brasileiro S.A.- Petrobras by 1.0% in 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 purchasing an additional 33,500 shares during the period. Todd Asset Management LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 4.9% in the third quarter. Todd Asset Management LLC now owns 3,137,096 shares of the oil and gas exploration company’s stock worth $39,716,000 after purchasing an additional 147,650 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the third quarter worth $35,144,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock opened at $15.81 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $16.02. The firm has a market capitalization of $101.85 billion, a price-to-earnings ratio of 7.32, a price-to-earnings-growth ratio of 0.32 and a beta of 0.49. The business has a fifty day moving average of $13.39 and a 200 day moving average of $12.74.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Investors of record on Friday, December 26th will be issued a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 21.30%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PBR. UBS Group boosted their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a report on Wednesday, January 14th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Finally, The Goldman Sachs Group increased their price target 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. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.98.

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.