Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 48.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,407 shares of the oil and gas exploration company’s stock after acquiring an additional 8,641 shares during the period. Kathmere Capital Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $383,000 as of its most recent filing with the Securities & Exchange Commission.

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

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.58 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The company has a market cap of $95.09 billion, a price-to-earnings ratio of 4.24, a PEG ratio of 0.21 and a beta of 1.40. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. The business’s 50 day moving average price is $14.65 and its 200 day moving average price is $15.09.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The firm had revenue of $23.47 billion for the quarter, compared to the consensus estimate of $24.22 billion. On average, research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 2.65 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

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

Wall Street Analysts Forecast Growth

PBR has been the topic of several research analyst reports. The Goldman Sachs Group dropped their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their target price for the company from $16.50 to $19.00 in a research report on Wednesday. Finally, UBS Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Petróleo Brasileiro S.A. – Petrobras Company 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.