Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Position Decreased by SageView Advisory Group LLC

SageView Advisory Group LLC trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 59.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,846 shares of the oil and gas exploration company’s stock after selling 24,584 shares during the quarter. SageView Advisory Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Foundations Investment Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $206,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 22.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,750 shares of the oil and gas exploration company’s stock valued at $483,000 after purchasing an additional 5,750 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 14.8% in the fourth quarter. Parallel Advisors LLC now owns 19,980 shares of the oil and gas exploration company’s stock worth $319,000 after purchasing an additional 2,571 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 48.8% during the first quarter. Janney Montgomery Scott LLC now owns 65,093 shares of the oil and gas exploration company’s stock worth $990,000 after buying an additional 21,352 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at about $1,375,000.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Petróleo Brasileiro S.A. – Petrobras stock traded up $0.06 during mid-day trading on Friday, reaching $15.01. The company had a trading volume of 6,416,284 shares, compared to its average volume of 18,916,457. 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 company has a 50 day moving average of $14.88 and a 200-day moving average of $15.80. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $13.18 and a 52 week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $24.63 billion. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, equities research analysts predict 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 company also recently disclosed a Variable dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, June 13th will be issued 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 payout ratio is presently 26.45%.

Wall Street Analysts Forecast Growth

PBR has been the subject of several recent analyst reports. UBS Group upped their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research note on Monday, March 25th. Jefferies Financial Group downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their price target for the company from $21.20 to $17.70 in a report on Wednesday, May 15th. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $16.80 to $17.90 in a research note on Thursday, June 27th. Finally, HSBC upgraded shares of 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.56.

Petróleo Brasileiro S.A. – Petrobras Company 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.