Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stake Lifted by Diversified Trust Co

Diversified Trust Co raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 16.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 60,389 shares of the oil and gas exploration company’s stock after purchasing an additional 8,439 shares during the quarter. Diversified Trust Co’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $919,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Foundations Investment Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $206,000. Parallel Advisors LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 14.8% during the fourth quarter. Parallel Advisors LLC now owns 19,980 shares of the oil and gas exploration company’s stock worth $319,000 after buying an additional 2,571 shares in the last quarter. Dfpg Investments LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 60.1% during the fourth quarter. Dfpg Investments LLC now owns 37,734 shares of the oil and gas exploration company’s stock worth $626,000 after buying an additional 14,164 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $1,375,000. Finally, Sapient Capital LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $421,000.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $14.50 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $13.02 and a 12-month high of $17.91. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $15.45 and a two-hundred day moving average of $15.88.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). The business had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. During the same quarter in the prior year, the business posted $1.11 EPS. As a group, research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.46 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, June 13th will be paid a $0.0288 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 26.45%.

Wall Street Analyst Weigh In

PBR has been the subject of several research analyst reports. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, March 25th. UBS Group upped their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. Jefferies Financial Group downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and reduced their price target for the company from $21.20 to $17.70 in a research report on Wednesday, May 15th. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. Finally, Morgan Stanley downgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $20.00 to $18.00 in a research report on Monday, March 11th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.56.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.