Nations Financial Group Inc. IA ADV Acquires New Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Nations Financial Group Inc. IA ADV bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,459 shares of the oil and gas exploration company’s stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PBR. Capital International Investors grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock valued at $363,052,000 after buying an additional 10,425,563 shares during the last quarter. ARGA Investment Management LP increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.9% in the fourth quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after buying an additional 166,472 shares during the period. Mondrian Investment Partners LTD raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% during the fourth quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock worth $149,963,000 after acquiring an additional 1,562,473 shares during the last quarter. Earnest Partners LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 9.5% during the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock worth $63,224,000 after acquiring an additional 462,889 shares during the last quarter. Finally, Perpetual Ltd lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% in the fourth quarter. Perpetual Ltd now owns 3,313,257 shares of the oil and gas exploration company’s stock worth $39,262,000 after acquiring an additional 18,100 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.2%

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $17.04 on Wednesday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. The stock’s 50-day moving average is $19.56 and its 200 day moving average is $16.89. The firm has a market cap of $109.81 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.68 and a beta of 0.32.

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

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 10.71%.

Analyst Upgrades and Downgrades

Several analysts recently commented on PBR shares. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their target price for the company from $18.70 to $24.80 in a report on Friday, April 17th. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Company 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.