Choreo LLC Invests $198,000 in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Choreo LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,630 shares of the oil and gas exploration company’s stock, valued at approximately $198,000.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after acquiring an additional 1,468 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the second quarter valued at approximately $30,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter valued at approximately $32,000. Nisa Investment Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the second quarter worth $35,000. Finally, ANTIPODES PARTNERS Ltd bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the second quarter worth $45,000.

Analysts Set New Price Targets

PBR has been the topic of several research analyst reports. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $18.00 to $20.00 in a research note on Monday, August 26th. The Goldman Sachs Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.80 to $17.90 in a research report on Thursday, June 27th. Finally, UBS Group decreased their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.07.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $14.39 on Friday. The business’s 50-day moving average price is $14.69 and its two-hundred day moving average price is $15.13. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.90 and a quick ratio of 0.67.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $23.47 billion for the quarter, compared to analyst estimates of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. On average, equities research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.14 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently disclosed a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be issued a $0.165 dividend. The ex-dividend date of this dividend is Friday, August 23rd. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 25.00%.

Petróleo Brasileiro S.A. – Petrobras Profile

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.