Janney Montgomery Scott LLC Grows Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Janney Montgomery Scott LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 102.5% in the 2nd quarter, Holdings Channel reports. The firm owned 101,435 shares of the oil and gas exploration company’s stock after purchasing an additional 51,351 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,639,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Petroleo Brasileiro S.A.- Petrobras by 55.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock worth $471,000 after buying an additional 11,680 shares during the period. Focus Partners Wealth boosted its position in Petroleo Brasileiro S.A.- Petrobras by 7.0% in the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after buying an additional 1,356 shares during the period. Cresset Asset Management LLC boosted its position in Petroleo Brasileiro S.A.- Petrobras by 55.9% in the 2nd quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock valued at $201,000 after buying an additional 5,624 shares during the period. NewEdge Advisors LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras by 797.8% in the 2nd quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock worth $235,000 after acquiring an additional 16,699 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Petroleo Brasileiro S.A.- Petrobras by 35.0% in the 2nd quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock worth $674,000 after acquiring an additional 13,988 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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. JPMorgan Chase & Co. dropped their price objective on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.0%

NYSE PBR opened at $17.89 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.85. The company has a market capitalization of $115.26 billion, a price-to-earnings ratio of 4.52, a price-to-earnings-growth ratio of 0.73 and a beta of 0.33. The company’s 50-day simple moving average is $17.63 and its two-hundred day simple moving average is $18.32. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

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.