Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Ballentine Partners LLC

Ballentine Partners LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 29.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,116 shares of the oil and gas exploration company’s stock after acquiring an additional 4,295 shares during the period. Ballentine Partners LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $275,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in 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 stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $30,000. ORG Partners LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 396.0% during the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,679 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 2nd quarter worth approximately $32,000. Finally, Bogart Wealth LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.1 %

NYSE:PBR opened at $13.78 on Tuesday. 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 has a fifty-two week low of $12.90 and a fifty-two week high of $17.91. The company has a 50 day moving average price of $14.69 and a 200 day moving average price of $14.99.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. The company had revenue of $23.47 billion during the quarter, compared to analysts’ expectations of $24.22 billion. As a group, equities analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 2.4 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently declared 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. This represents a yield of 15.4%. The ex-dividend date of this dividend is Friday, August 23rd. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 34.68%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PBR shares. HSBC downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Hsbc Global Res downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a report on Monday, October 21st. Morgan Stanley upgraded shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $18.00 to $20.00 in a report on Monday, August 26th. UBS Group cut their price target on shares of 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. Finally, The Goldman Sachs Group lowered 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. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.20.

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 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.