59,934 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Purchased by Wealth High Governance Asset Management Ltda.

Wealth High Governance Asset Management Ltda. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 59,934 shares of the oil and gas exploration company’s stock, valued at approximately $1,244,000.

Several other institutional investors also recently bought and sold shares of PBR. NewEdge Advisors LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 71.7% in the first quarter. NewEdge Advisors LLC now owns 21,753 shares of the oil and gas exploration company’s stock valued at $451,000 after buying an additional 9,085 shares in the last quarter. Vestor Capital LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $119,000. Oaktree Fund Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $7,992,000. Western Wealth Management LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $176,000. Finally, McIlrath & Eck LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras by 8.7% in the 1st quarter. McIlrath & Eck LLC now owns 12,267 shares of the oil and gas exploration company’s stock valued at $255,000 after acquiring an additional 980 shares during the period.

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

Shares of PBR opened at $19.39 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The stock has a market capitalization of $124.93 billion, a price-to-earnings ratio of 6.29, a PEG ratio of 0.85 and a beta of 0.33. The stock has a 50 day moving average price of $17.73 and a 200 day moving average price of $17.99.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. The firm had revenue of $23.54 billion during the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. Equities research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.28 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be issued 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 is presently 11.04%.

Wall Street Analysts Forecast Growth

PBR has been the subject of a number of research analyst reports. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 7th. 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.28.

About Petroleo Brasileiro S.A.- Petrobras

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.