219,515 Shares in PETROLEO BRASIL/ADR (PBR) Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in PETROLEO BRASIL/ADR (NYSE:PBR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 219,515 shares of the oil and gas exploration company’s stock, valued at approximately $2,202,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBR. Brave Asset Management Inc. bought a new stake in shares of PETROLEO BRASIL/ADR in the 2nd quarter valued at about $102,000. Parallel Advisors LLC boosted its position in shares of PETROLEO BRASIL/ADR by 4,501.5% during the 2nd quarter. Parallel Advisors LLC now owns 12,562 shares of the oil and gas exploration company’s stock valued at $125,000 after purchasing an additional 12,289 shares in the last quarter. Bank Hapoalim BM bought a new stake in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at about $158,000. BB&T Securities LLC bought a new stake in shares of PETROLEO BRASIL/ADR during the 1st quarter valued at about $159,000. Finally, TD Asset Management Inc. bought a new stake in shares of PETROLEO BRASIL/ADR during the 2nd quarter valued at about $171,000. Hedge funds and other institutional investors own 7.18% of the company’s stock.

Shares of PETROLEO BRASIL/ADR stock opened at $11.55 on Wednesday. PETROLEO BRASIL/ADR has a one year low of $8.45 and a one year high of $17.20. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.28 and a current ratio of 1.70. The stock has a market cap of $75.27 billion, a P/E ratio of 16.50 and a beta of 2.42.



The company also recently declared a special dividend, which will be paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th will be paid a dividend of $0.027 per share. This is an increase from PETROLEO BRASIL/ADR’s previous special dividend of $0.01. The ex-dividend date is Tuesday, August 14th. PETROLEO BRASIL/ADR’s dividend payout ratio is 2.86%.

PBR has been the topic of several research analyst reports. ValuEngine lowered PETROLEO BRASIL/ADR from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 24th. Bank of America upgraded PETROLEO BRASIL/ADR from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Societe Generale upgraded PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research upgraded PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Wednesday, July 25th. Finally, Morgan Stanley lowered PETROLEO BRASIL/ADR from an “overweight” rating to an “equal weight” rating and set a $13.00 target price on the stock. in a research report on Thursday, May 24th. Thirteen analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.80.

PETROLEO BRASIL/ADR Profile

Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.

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Institutional Ownership by Quarter for PETROLEO BRASIL/ADR (NYSE:PBR)

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