Toronto Dominion Bank Raises Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Toronto Dominion Bank lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 453.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the oil and gas exploration company’s stock after buying an additional 32,774 shares during the quarter. Toronto Dominion Bank’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $580,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the second quarter worth $170,000. Frank Rimerman Advisors LLC increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 1,052.5% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 39,127 shares of the oil and gas exploration company’s stock worth $567,000 after acquiring an additional 35,732 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 15.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 176,522 shares of the oil and gas exploration company’s stock valued at $2,558,000 after buying an additional 23,546 shares in the last quarter. MAS Advisors LLC raised its stake 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 purchasing an additional 720 shares during the last quarter. Finally, Mondrian Investment Partners LTD grew its stake in Petróleo Brasileiro S.A. – Petrobras by 23.0% during the 2nd quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock valued at $144,124,000 after acquiring an additional 1,889,313 shares in the last quarter.

Wall Street Analyst Weigh In

PBR has been the topic of several analyst reports. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.80 to $17.90 in a report on Thursday, June 27th. The Goldman Sachs Group lowered their price objective on 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 raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $18.00 to $20.00 in a research report on Monday, August 26th. JPMorgan Chase & Co. raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $16.50 to $19.00 in a report on Wednesday, September 25th. 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $14.40 on Tuesday. 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 quick ratio of 0.67 and a current ratio of 0.90. The stock has a market capitalization of $93.92 billion, a price-to-earnings ratio of 4.19, a PEG ratio of 0.21 and a beta of 1.40. The stock’s fifty day moving average is $14.64 and its two-hundred day moving average 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, meeting analysts’ consensus estimates of $0.47. The company had revenue of $23.47 billion during the quarter, compared to the consensus estimate 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, 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 disclosed a Variable dividend, which will be paid on Friday, November 29th. Investors of record on Friday, August 23rd will be issued a $0.165 dividend. The ex-dividend date is Friday, August 23rd. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. This represents a yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 25.00%.

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.