Ascent Group LLC Acquires 1,083 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ascent Group LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,841 shares of the oil and gas exploration company’s stock after purchasing an additional 1,083 shares during the quarter. Ascent Group LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $195,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Frank Rimerman Advisors LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter worth approximately $54,000. SYSTM Wealth Solutions LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 210.6% in the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,998 shares of the oil and gas exploration company’s stock worth $61,000 after buying an additional 2,711 shares during the last quarter. Founders Capital Management grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 17.5% in the 1st quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock worth $71,000 after buying an additional 700 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 101.7% in the 1st quarter. Sound Income Strategies LLC now owns 5,643 shares of the oil and gas exploration company’s stock worth $86,000 after buying an additional 2,845 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 15.5% in the 1st quarter. Toronto Dominion Bank now owns 7,226 shares of the oil and gas exploration company’s stock worth $110,000 after buying an additional 970 shares during the last quarter.

Analyst Upgrades and Downgrades

PBR has been the topic of several research analyst reports. 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 stock from $16.80 to $17.90 in a research report on Thursday, June 27th. Jefferies Financial Group downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and dropped their target price for the stock from $21.20 to $17.70 in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.56.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR traded down $0.28 during trading hours on Monday, hitting $14.19. The stock had a trading volume of 15,302,938 shares, compared to its average volume of 18,664,785. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.81 and a current ratio of 1.08. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $13.18 and a fifty-two week high of $17.91. The firm has a 50-day moving average price of $14.68 and a 200 day moving average price of $15.72.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share (EPS) 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 prior year, the company posted $1.11 EPS. As a group, research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.43 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a Variable dividend, which will be paid on Friday, September 27th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.0288 per share. The ex-dividend date is Thursday, June 13th. This represents a dividend yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 26.45%.

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.