10,770 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Bought by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 10,770 shares of the oil and gas exploration company’s stock, valued at approximately $155,000.

A number of other hedge funds have also recently made changes to their positions in PBR. MAS Advisors LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.0% in the 2nd quarter. MAS Advisors LLC now owns 15,108 shares of the oil and gas exploration company’s stock valued at $219,000 after buying an additional 720 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 1.7% during the first quarter. Whittier Trust Co. now owns 43,569 shares of the oil and gas exploration company’s stock worth $663,000 after purchasing an additional 725 shares during the period. Financial Security Advisor Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the first quarter. Financial Security Advisor Inc. now owns 17,590 shares of the oil and gas exploration company’s stock worth $268,000 after purchasing an additional 865 shares during the last quarter. Toronto Dominion Bank increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 15.5% in the first quarter. Toronto Dominion Bank now owns 7,226 shares of the oil and gas exploration company’s stock valued at $110,000 after purchasing an additional 970 shares during the period. Finally, Fermata Advisors LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 10.3% during the 1st quarter. Fermata Advisors LLC now owns 11,332 shares of the oil and gas exploration company’s stock worth $172,000 after purchasing an additional 1,056 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.0 %

PBR opened at $14.16 on Monday. The company has a fifty day moving average price of $14.83 and a two-hundred day moving average price of $15.07. 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 quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $23.47 billion during 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%. Analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 2.4 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently announced a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.165 per share. This represents a dividend yield of 15.4%. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 34.68%.

Wall Street Analyst Weigh In

PBR has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $16.50 to $19.00 in a research report on Wednesday, September 25th. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $16.80 to $17.90 in a research report on Thursday, June 27th. The Goldman Sachs Group decreased their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $18.00 to $20.00 in a report on Monday, August 26th. Finally, UBS Group decreased their price target on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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 three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.