Diversify Advisory Services LLC Takes $650,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Diversify Advisory Services LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,680 shares of the oil and gas exploration company’s stock, valued at approximately $650,000.

Other large investors have also modified their holdings of the company. SeaBridge Investment Advisors LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 92.3% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 93,031 shares of the oil and gas exploration company’s stock valued at $1,415,000 after purchasing an additional 44,656 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in Petróleo Brasileiro S.A. – Petrobras by 29.8% during the 1st quarter. J.W. Cole Advisors Inc. now owns 15,888 shares of the oil and gas exploration company’s stock valued at $242,000 after purchasing an additional 3,645 shares in the last quarter. Norden Group LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 97.5% during the 1st quarter. Norden Group LLC now owns 162,050 shares of the oil and gas exploration company’s stock valued at $2,465,000 after purchasing an additional 79,999 shares in the last quarter. Caprock Group LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth approximately $276,000. Finally, Commonwealth Equity Services LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 6.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 629,678 shares of the oil and gas exploration company’s stock worth $9,577,000 after buying an additional 35,631 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE PBR traded up $0.08 during mid-day trading on Friday, hitting $14.73. The company had a trading volume of 26,906,330 shares, compared to its average volume of 15,986,536. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $13.02 and a 12 month high of $17.91. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The firm’s 50 day simple moving average is $15.22 and its two-hundred day simple moving average is $15.85.

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 (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.09). The company had revenue of $23.77 billion during the quarter, compared to the consensus estimate of $24.63 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 31.07% and a net margin of 22.46%. During the same period last year, the business posted $1.11 EPS. As a group, research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.46 earnings per share 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. Shareholders of record on Thursday, June 13th will be paid a dividend of $0.0288 per share. This represents a yield of 16%. The ex-dividend date is Thursday, June 13th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 26.45%.

Analyst Ratings Changes

A number of research analysts have commented on PBR shares. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Monday, March 25th. UBS Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a report on Monday, March 25th. Morgan Stanley downgraded Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, March 11th. Jefferies Financial Group downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and reduced their target price for the stock from $21.20 to $17.70 in a report on Wednesday, May 15th. Finally, Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.80 to $17.90 in a report on Thursday, June 27th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and a consensus price target of $16.56.

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.