Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Lifted by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd raised its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 26.3% during the 4th quarter, HoldingsChannel reports. The firm owned 574,311 shares of the oil and gas exploration company’s stock after acquiring an additional 119,700 shares during the period. Petroleo Brasileiro S.A.- Petrobras accounts for 1.8% of Cape Ann Asset Management Ltd’s portfolio, making the stock its 10th biggest position. Cape Ann Asset Management Ltd’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $6,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Advocate Investing Services LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at approximately $147,000. DRW Securities LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 207.5% in the 4th quarter. DRW Securities LLC now owns 203,796 shares of the oil and gas exploration company’s stock valued at $2,415,000 after purchasing an additional 137,520 shares during the last quarter. Orion Porfolio Solutions LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 9.5% in the 4th quarter. Orion Porfolio Solutions LLC now owns 101,951 shares of the oil and gas exploration company’s stock valued at $1,208,000 after purchasing an additional 8,878 shares during the last quarter. StoneX Group Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at approximately $185,000. Finally, Marex Group plc grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 198.2% in the 4th quarter. Marex Group plc now owns 122,937 shares of the oil and gas exploration company’s stock valued at $1,457,000 after purchasing an additional 81,714 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and reduced their price target for the company from $20.30 to $19.00 in a report on Friday, March 13th. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.70 to $24.80 in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. reduced their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $18.37 on Friday. The stock has a 50-day moving average price of $20.08 and a two-hundred day moving average price of $16.65. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The company has a market cap of $118.35 billion, a PE ratio of 5.96, a price-to-earnings-growth ratio of 0.73 and a beta of 0.32.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The firm had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. As a group, research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 11.04%.

About Petroleo Brasileiro S.A.- Petrobras

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.