ORG Partners LLC Boosts Stock Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

ORG Partners LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 2,273.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,283 shares of the oil and gas exploration company’s stock after acquiring an additional 50,080 shares during the quarter. ORG Partners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. BNP Paribas grew its position in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares in the last quarter. New Millennium Group LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $59,000. Activest Wealth Management increased its stake in Petroleo Brasileiro S.A.- Petrobras by 78.5% in the 3rd quarter. Activest Wealth Management now owns 6,864 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 3,018 shares during the last quarter. Finally, Westfuller Advisors LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth approximately $90,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. UBS Group lifted their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. The Goldman Sachs Group upped their price objective on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.20.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.2%

Petroleo Brasileiro S.A.- Petrobras stock opened at $20.80 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $21.40. The firm has a 50 day moving average price of $16.75 and a 200-day moving average price of $13.86. The company has a market capitalization of $134.06 billion, a P/E ratio of 6.84, a P/E/G ratio of 0.21 and a beta of 0.51. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 22.01% and a return on equity of 24.26%. The company had revenue of $23.61 billion for the quarter. As a group, equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be paid a $0.1191 dividend. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.51%.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.