Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 35.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,178 shares of the oil and gas exploration company’s stock after purchasing an additional 63,910 shares during the period. Quantbot Technologies LP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,567,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth $218,758,000. Artemis Investment Management LLP increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 27.7% during the first quarter. Artemis Investment Management LLP now owns 6,278,919 shares of the oil and gas exploration company’s stock worth $95,452,000 after acquiring an additional 1,362,108 shares during the period. Victory Capital Management Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 38.4% during the second quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock worth $54,278,000 after acquiring an additional 1,039,700 shares during the period. Perpetual Ltd purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the first quarter worth $56,337,000. Finally, Earnest Partners LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% during the first quarter. Earnest Partners LLC now owns 3,276,414 shares of the oil and gas exploration company’s stock worth $49,834,000 after acquiring an additional 151,056 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $14.78 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.67 and a current ratio of 0.90. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91. The company has a fifty day moving average of $14.73 and a two-hundred day moving average of $15.16.

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

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PBR. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $18.00 to $20.00 in a research report on Monday, August 26th. UBS Group cut their price objective on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.80 to $17.90 in a report on Thursday, June 27th. Finally, The Goldman Sachs Group dropped their target price on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.07.

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.