Todd Asset Management LLC Sells 77,457 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Todd Asset Management LLC trimmed its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,059,639 shares of the oil and gas exploration company’s stock after selling 77,457 shares during the period. Todd Asset Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $36,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in PBR. Mondrian Investment Partners LTD bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at $140,433,000. ICICI Prudential Asset Management Co Ltd bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at $35,144,000. Capital International Investors lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 14.7% in the third quarter. Capital International Investors now owns 20,211,745 shares of the oil and gas exploration company’s stock valued at $255,881,000 after buying an additional 2,592,536 shares in the last quarter. DNB Asset Management AS bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $21,778,000. Finally, Earnest Partners LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 52.0% in the third quarter. Earnest Partners LLC now owns 4,872,441 shares of the oil and gas exploration company’s stock valued at $61,685,000 after buying an additional 1,665,873 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.1%

PBR opened at $19.93 on Monday. 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 company’s 50-day moving average is $20.45 and its 200 day moving average is $16.07. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $22.24. The firm has a market capitalization of $128.40 billion, a P/E ratio of 6.47, a PEG ratio of 0.79 and a beta of 0.38.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. The company had revenue of $23.54 billion for the quarter. Research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be given a dividend of $0.1426 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 10.71%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PBR shares. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Jefferies Financial Group lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their price target for the company from $20.30 to $19.00 in a research report on Friday, March 13th. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.35.

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.