Capital Wealth Planning LLC Has $3.29 Million Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Capital Wealth Planning LLC trimmed its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 21.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 226,981 shares of the oil and gas exploration company’s stock after selling 63,119 shares during the quarter. Capital Wealth Planning LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Artisan Partners Limited Partnership purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $218,758,000. Perpetual Ltd purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter worth approximately $56,337,000. Norden Group LLC lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 3,457.9% in the first quarter. Norden Group LLC now owns 2,919,298 shares of the oil and gas exploration company’s stock worth $44,403,000 after purchasing an additional 2,837,247 shares in the last quarter. Artemis Investment Management LLP lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 27.7% in 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 purchasing an additional 1,362,108 shares in the last quarter. Finally, Breakout Capital Partners LP purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $18,728,000.

Analyst Upgrades and Downgrades

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

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.6 %

NYSE:PBR opened at $14.53 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.90 and a 12 month high of $17.91. The firm has a market cap of $94.77 billion, a price-to-earnings ratio of 4.22, a P/E/G ratio of 0.17 and a beta of 1.40. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $14.74 and its 200-day moving average is $15.18.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $24.22 billion. Equities analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.14 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The company also recently declared a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be given a $0.165 dividend. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. This represents a dividend yield of 15.4%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is currently 25.00%.

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.