155,611 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans acquired a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 155,611 shares of the oil and gas exploration company’s stock, valued at approximately $1,970,000.

A number of other large investors also recently bought and sold shares of the company. ARGA Investment Management LP boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% in the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock valued at $238,118,000 after acquiring an additional 7,772,595 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 11,321.8% during the second quarter. Acadian Asset Management LLC now owns 1,356,687 shares of the oil and gas exploration company’s stock worth $16,961,000 after purchasing an additional 1,344,809 shares in the last quarter. Parkwood LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 220.2% in the second quarter. Parkwood LLC now owns 1,485,340 shares of the oil and gas exploration company’s stock valued at $18,582,000 after purchasing an additional 1,021,489 shares during the period. New York State Common Retirement Fund boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% in the 3rd quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock valued at $34,213,000 after purchasing an additional 467,737 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $4,074,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE:PBR opened at $15.83 on Thursday. The firm has a market capitalization of $101.98 billion, a price-to-earnings ratio of 7.33, a price-to-earnings-growth ratio of 0.31 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The business’s 50 day simple moving average is $12.97 and its 200-day simple moving average is $12.61. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $16.03.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be issued a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 21.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PBR shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note 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 stock a “buy” rating in a report on Wednesday. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.98.

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.