J. Safra Sarasin Holding AG Purchases Shares of 106,000 Petroleo Brasileiro S.A.- Petrobras $PBR

J. Safra Sarasin Holding AG purchased a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the third quarter, Holdings Channel reports. The firm purchased 106,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,342,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of PBR. Drum Hill Capital LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 0.7% during the third quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after acquiring an additional 866 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock worth $36,000 after purchasing an additional 902 shares during the last quarter. World Investment Advisors increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% during the third quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock worth $194,000 after purchasing an additional 961 shares in the last quarter. Pekin Hardy Strauss Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock worth $398,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Avestar Capital LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.1% during the 2nd quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock valued at $413,000 after purchasing an additional 1,003 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PBR shares. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. UBS Group boosted their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Petroleo Brasileiro S.A.- Petrobras Stock Up 2.4%

Petroleo Brasileiro S.A.- Petrobras stock opened at $15.39 on Thursday. The business’s 50-day simple moving average is $12.45 and its two-hundred day simple moving average is $12.42. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. The company has a market cap of $99.15 billion, a PE ratio of 7.12, a PEG ratio of 0.31 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.40.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. Equities analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 21.76%.

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.