Sapient Capital LLC Purchases Shares of 20,152 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sapient Capital LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, Holdings Channel.com reports. The fund acquired 20,152 shares of the oil and gas exploration company’s stock, valued at approximately $330,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. RWC Asset Advisors US LLC raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 20.2% in the fourth quarter. RWC Asset Advisors US LLC now owns 6,811,783 shares of the oil and gas exploration company’s stock valued at $108,784,000 after buying an additional 1,145,021 shares during the last quarter. CI Investments Inc. raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 4.2% in the 3rd quarter. CI Investments Inc. now owns 4,378,375 shares of the oil and gas exploration company’s stock valued at $65,632,000 after acquiring an additional 175,038 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $62,049,000. Victory Capital Management Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 11.8% in the fourth quarter. Victory Capital Management Inc. now owns 3,896,244 shares of the oil and gas exploration company’s stock valued at $62,223,000 after purchasing an additional 411,905 shares during the period. Finally, Platinum Investment Management Ltd. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.4% in the third quarter. Platinum Investment Management Ltd. now owns 3,469,056 shares of the oil and gas exploration company’s stock valued at $52,001,000 after purchasing an additional 538,131 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group raised their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research note on Monday, March 25th. Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research report on Friday, March 8th. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 11th. Finally, HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $16.64 on Tuesday. The firm’s fifty day simple moving average is $15.86 and its 200 day simple moving average is $15.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.64 and a twelve month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The company had revenue of $27.11 billion for the quarter, compared to analysts’ expectations of $26.45 billion. As a group, research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.6 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.3406 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 21.73%.

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.