Aprio Wealth Management LLC Grows Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Aprio Wealth Management LLC grew its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,668 shares of the oil and gas exploration company’s stock after purchasing an additional 1,115 shares during the quarter. Aprio Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PBR. Park Avenue Securities LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 202.6% during the second quarter. Park Avenue Securities LLC now owns 50,007 shares of the oil and gas exploration company’s stock worth $725,000 after acquiring an additional 33,482 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 460.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after purchasing an additional 1,468 shares during the period. Hamilton Wealth LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth approximately $152,000. Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 40.3% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 1,412,000 shares of the oil and gas exploration company’s stock valued at $21,477,000 after buying an additional 405,940 shares in the last quarter. Finally, Cetera Advisors LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 35.3% during the first quarter. Cetera Advisors LLC now owns 24,167 shares of the oil and gas exploration company’s stock worth $368,000 after acquiring an additional 6,306 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PBR shares. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and boosted their target price for the company from $16.80 to $17.90 in a research note on Thursday, June 27th. Jefferies Financial Group downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their target price for the company from $21.20 to $17.70 in a report on Wednesday, May 15th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average price target of $16.86.

Petróleo Brasileiro S.A. – Petrobras Stock Up 2.5 %

Shares of PBR traded up $0.34 during mid-day trading on Thursday, reaching $14.18. 17,319,456 shares of the stock traded hands, compared to its average volume of 18,515,488. The firm has a market cap of $92.48 billion, a price-to-earnings ratio of 4.04, a P/E/G ratio of 0.15 and a beta of 1.41. The stock has a fifty day simple moving average of $14.52 and a 200 day simple moving average of $15.61. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.60. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.90 and a 12-month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data 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). The firm had revenue of $23.77 billion during the quarter, compared to analysts’ expectations of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. During the same period in the previous year, the company earned $1.11 earnings per share. Sell-side analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.36 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, June 13th will be paid a dividend of $0.0288 per share. This represents a dividend yield of 16%. The ex-dividend date is Thursday, June 13th. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 26.16%.

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.