Petroleo Brasileiro S.A.- Petrobras $PBR Holdings Trimmed by Moneda S.A. Administradora General de Fondos

Moneda S.A. Administradora General de Fondos reduced its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 12.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 448,680 shares of the oil and gas exploration company’s stock after selling 61,898 shares during the quarter. Petroleo Brasileiro S.A.- Petrobras comprises about 6.1% of Moneda S.A. Administradora General de Fondos’ holdings, making the stock its 5th largest position. Moneda S.A. Administradora General de Fondos’ holdings in Petroleo Brasileiro S.A.- Petrobras were worth $5,223,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abel Hall LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 32.3% in the third quarter. Abel Hall LLC now owns 20,500 shares of the oil and gas exploration company’s stock valued at $260,000 after acquiring an additional 5,000 shares in the last quarter. Morningstar Investment Management LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 2.9% during the third quarter. Morningstar Investment Management LLC now owns 307,303 shares of the oil and gas exploration company’s stock worth $3,890,000 after purchasing an additional 8,795 shares in the last quarter. Victory Financial Group LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 16.7% during the third quarter. Victory Financial Group LLC now owns 21,051 shares of the oil and gas exploration company’s stock worth $267,000 after purchasing an additional 3,006 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Petroleo Brasileiro S.A.- Petrobras by 1.0% in the third quarter. Public Employees Retirement System of Ohio now owns 1,619,669 shares of the oil and gas exploration company’s stock valued at $20,505,000 after purchasing an additional 15,728 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 42.3% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 68,639 shares of the oil and gas exploration company’s stock valued at $869,000 after purchasing an additional 20,401 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Up 1.4%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $19.78 on Thursday. The company has a 50-day moving average of $15.54 and a two-hundred day moving average of $13.43. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $19.89. The company has a current ratio of 0.71, a quick ratio of 0.48 and a debt-to-equity ratio of 0.76. The stock has a market cap of $127.47 billion, a PE ratio of 6.51, a price-to-earnings-growth ratio of 0.19 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, April 24th will be issued a dividend of $0.1191 per share. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 13.16%.

Analyst Ratings Changes

PBR has been the topic of several recent analyst reports. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. The Goldman Sachs Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Jefferies Financial Group downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.30 to $19.00 in a research note on Friday, March 13th. UBS Group increased their price objective on 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Hold” and an average price target of $16.20.

Get Our Latest Stock Analysis on Petroleo Brasileiro S.A.- Petrobras

Key Petroleo Brasileiro S.A.- Petrobras News

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Petroleo Brasileiro S.A.- Petrobras Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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