Kiker Wealth Management LLC Grows Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Kiker Wealth Management LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 158.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,718 shares of the oil and gas exploration company’s stock after purchasing an additional 3,504 shares during the period. Kiker Wealth Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GQG Partners LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.0% in the first quarter. GQG Partners LLC now owns 256,098,882 shares of the oil and gas exploration company’s stock valued at $3,672,458,000 after purchasing an additional 18,862,848 shares during the period. Kingstone Capital Partners Texas LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $148,086,000. ARGA Investment Management LP raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.3% in the first quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company’s stock valued at $158,258,000 after buying an additional 38,312 shares in the last quarter. Carrhae Capital LLP acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at $64,765,000. Finally, Artemis Investment Management LLP raised its stake in Petroleo Brasileiro S.A.- Petrobras by 30.2% in the first quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company’s stock valued at $56,052,000 after buying an additional 905,800 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on PBR. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group cut their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a research note on Friday, August 22nd. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.43.

Check Out Our Latest Stock Analysis on PBR

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock opened at $11.82 on Tuesday. The stock’s 50-day moving average is $12.45 and its two-hundred day moving average is $12.28. The firm has a market cap of $76.14 billion, a price-to-earnings ratio of 5.52 and a beta of 0.86. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRGet Free Report) last released its quarterly earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to analysts’ expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. Analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 48.13%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Free Report)

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.

Further Reading

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Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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