Petroleo Brasileiro S.A.- Petrobras $PBR Shares Purchased by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,182,965 shares of the oil and gas exploration company’s stock after purchasing an additional 50,612 shares during the period. Annex Advisory Services LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $35,277,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after buying an additional 1,706 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock valued at $30,000 after buying an additional 1,044 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter valued at approximately $39,000. Finally, Ascentis Independent Advisors acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $51,000.

Analyst Ratings Changes

Several brokerages recently commented on PBR. Weiss Ratings reissued a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.70 to $24.80 in a research report on Friday, April 17th. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and an average price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $17.97 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. The stock’s 50 day simple moving average is $17.64 and its 200-day simple moving average is $18.27. The company has a market cap of $115.79 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.75 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.43 and a 1-year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 31.82% and a net margin of 24.52%.The firm had revenue of $23.54 billion during the quarter. As a group, equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.63 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Tuesday, August 25th will be paid a dividend of $0.2649 per share. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 8.59%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.