Teachers Retirement System of The State of Kentucky Grows Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 8.3% during the third quarter, Holdings Channel.com reports. The firm owned 1,969,030 shares of the oil and gas exploration company’s stock after acquiring an additional 151,300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $24,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of PBR. New York State Common Retirement Fund increased its position 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 acquiring an additional 467,737 shares during the period. ARGA Investment Management LP boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 70.4% during the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock worth $238,118,000 after buying an additional 7,772,595 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at approximately $1,342,000. North of South Capital LLP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 150.9% in the 3rd quarter. North of South Capital LLP now owns 285,373 shares of the oil and gas exploration company’s stock worth $3,613,000 after buying an additional 171,649 shares in the last quarter. Finally, Annex Advisory Services LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 7.4% in the third quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock worth $25,247,000 after acquiring an additional 137,370 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. UBS Group lifted their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Finally, The Goldman Sachs Group lifted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.98.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.0%

Shares of PBR stock opened at $16.97 on Wednesday. The company has a market capitalization of $109.36 billion, a price-to-earnings ratio of 7.86, a PEG ratio of 0.30 and a beta of 0.51. The stock’s 50 day simple moving average is $14.08 and its 200 day simple moving average is $12.96. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $17.34. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 18.52%.

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.