111,222 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Purchased by Virtu Financial LLC

Virtu Financial LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 111,222 shares of the oil and gas exploration company’s stock, valued at approximately $1,692,000.

Other hedge funds have also recently bought and sold shares of the company. Bluefin Capital Management LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 207.5% during the 1st quarter. Bluefin Capital Management LLC now owns 10,311 shares of the oil and gas exploration company’s stock worth $157,000 after acquiring an additional 19,900 shares during the period. National Wealth Management Group LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 17.4% during the 1st quarter. National Wealth Management Group LLC now owns 23,295 shares of the oil and gas exploration company’s stock worth $354,000 after acquiring an additional 3,448 shares during the period. Janus Henderson Group PLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth approximately $2,988,000. Ascent Group LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.2% during the 1st quarter. Ascent Group LLC now owns 12,841 shares of the oil and gas exploration company’s stock worth $195,000 after acquiring an additional 1,083 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% during the 1st 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

Shares of NYSE PBR traded down $0.38 during trading on Friday, reaching $13.59. The company had a trading volume of 17,381,219 shares, compared to its average volume of 18,534,428. The company’s fifty day moving average price is $14.63 and its 200-day moving average price is $15.68. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $13.18 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.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 22.46% and a return on equity of 31.07%. During the same quarter last year, the firm posted $1.11 EPS. As a group, sell-side analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.36 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

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

Wall Street Analysts Forecast Growth

PBR has been the subject of several research reports. Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.80 to $17.90 in a report on Thursday, June 27th. Jefferies Financial Group cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and dropped their price target for the stock from $21.20 to $17.70 in a report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.