282,562 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 282,562 shares of the oil and gas exploration company’s stock, valued at approximately $3,348,000.

A number of other institutional investors have also recently added to or reduced their stakes in PBR. GHP Investment Advisors Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $26,000. Geneos Wealth Management Inc. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,044 shares in the last quarter. Bayforest Capital Ltd purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $39,000. BNP Paribas lifted its position in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after buying an additional 3,000 shares in the last quarter. Finally, New Millennium Group LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the third quarter worth approximately $59,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $19.86 on Thursday. The business has a fifty day moving average of $20.39 and a two-hundred day moving average of $15.95. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The stock has a market cap of $127.97 billion, a price-to-earnings ratio of 6.45, a price-to-earnings-growth ratio of 0.81 and a beta of 0.38. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $22.24.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 10.39%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PBR. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. The Goldman Sachs Group raised their target price on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Buy” and a consensus target price of $18.35.

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.