Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 40.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,412,000 shares of the oil and gas exploration company’s stock after buying an additional 405,940 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $21,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PBR. Raymond James & Associates boosted its position in Petróleo Brasileiro S.A. – Petrobras by 18.2% in the 4th quarter. Raymond James & Associates now owns 89,860 shares of the oil and gas exploration company’s stock valued at $1,435,000 after buying an additional 13,849 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 19.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 69,561 shares of the oil and gas exploration company’s stock valued at $1,111,000 after buying an additional 11,344 shares during the period. Ballentine Partners LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $177,000. International Assets Investment Management LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at approximately $1,720,000. Finally, Financial Security Advisor Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 15.3% in the 4th quarter. Financial Security Advisor Inc. now owns 16,725 shares of the oil and gas exploration company’s stock valued at $267,000 after buying an additional 2,225 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $16.80 to $17.90 in a research report on Thursday, June 27th. Jefferies Financial Group cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $21.20 to $17.70 in a research report on Wednesday, May 15th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and an average price target of $16.56.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR traded down $0.38 on Friday, reaching $13.59. The company had a trading volume of 18,067,150 shares, compared to its average volume of 13,770,670. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $13.18 and a 1 year high of $17.91. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.08 and a quick ratio of 0.81. The stock has a 50-day moving average price of $14.61 and a 200-day moving average price of $15.66.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. The company had revenue of $23.77 billion during the quarter, compared to analysts’ expectations of $24.63 billion. During the same period last year, the firm earned $1.11 earnings per share. On average, equities analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.36 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently declared a Variable dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, June 13th will be given a $0.0288 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 26.45%.

About Petróleo Brasileiro S.A. – Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.