ANTIPODES PARTNERS Ltd Makes New $45,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

ANTIPODES PARTNERS Ltd acquired a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,117 shares of the oil and gas exploration company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Artisan Partners Limited Partnership purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $218,758,000. Artemis Investment Management LLP lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 27.7% in the 1st quarter. Artemis Investment Management LLP now owns 6,278,919 shares of the oil and gas exploration company’s stock valued at $95,452,000 after purchasing an additional 1,362,108 shares during the period. Perpetual Ltd purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at approximately $56,337,000. Earnest Partners LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% in the 1st quarter. Earnest Partners LLC now owns 3,276,414 shares of the oil and gas exploration company’s stock valued at $49,834,000 after purchasing an additional 151,056 shares during the period. Finally, Norden Group LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 3,457.9% in the 1st quarter. Norden Group LLC now owns 2,919,298 shares of the oil and gas exploration company’s stock valued at $44,403,000 after purchasing an additional 2,837,247 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.0 %

PBR opened at $15.02 on Friday. The stock has a 50-day moving average price of $14.74 and a 200-day moving average price of $15.33. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $24.22 billion. On average, equities research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.14 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, August 23rd will be given a $0.165 dividend. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date is Friday, August 23rd. This represents a yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 25.00%.

Analyst Upgrades and Downgrades

PBR has been the subject of a number of research analyst reports. UBS Group lowered their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research note on Monday, August 19th. Bank of America upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.80 to $17.90 in a research note on Thursday, June 27th. Morgan Stanley upgraded Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $18.00 to $20.00 in a research note on Monday, August 26th. The Goldman Sachs Group lowered their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and cut their target price for the stock from $21.20 to $17.70 in a research note on Wednesday, May 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $17.63.

Petróleo Brasileiro S.A. – Petrobras Profile

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.