215,027 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 215,027 shares of Petroleo Brasileiro S.A.- Petrobras, valued at approximately $3,083,000, during the first quarter.
• Bank of America downgraded Petrobras from a "buy" rating to a "neutral" rating, while Jefferies Financial Group upgraded it from "hold" to "buy" with a price target of $15.30.
• Petroléo Brasileiro S.A.- Petrobras reported $0.64 earnings per share for the last quarter, missing analysts' consensus estimates of $0.70 by $0.06.

Quantbot Technologies LP acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 215,027 shares of the oil and gas exploration company's stock, valued at approximately $3,083,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morningstar Investment Management LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% during the first quarter. Morningstar Investment Management LLC now owns 241,071 shares of the oil and gas exploration company's stock worth $3,457,000 after buying an additional 1,169 shares during the period. Vise Technologies Inc. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 5.1% during the fourth quarter. Vise Technologies Inc. now owns 33,916 shares of the oil and gas exploration company's stock worth $436,000 after buying an additional 1,633 shares during the period. Redwood Park Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock worth $53,000 after buying an additional 1,810 shares during the period. Poehling Capital Management INC. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.8% during the fourth quarter. Poehling Capital Management INC. now owns 228,299 shares of the oil and gas exploration company's stock worth $2,936,000 after buying an additional 1,870 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.6% during the first quarter. SeaCrest Wealth Management LLC now owns 58,125 shares of the oil and gas exploration company's stock worth $834,000 after buying an additional 2,012 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PBR shares. Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. Jefferies Financial Group upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target for the company in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of "Buy" and a consensus price target of $17.26.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.4%

Petroleo Brasileiro S.A.- Petrobras stock opened at $11.8350 on Wednesday. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.73. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The stock has a market cap of $76.27 billion, a PE ratio of 5.53 and a beta of 0.85. The stock's fifty day moving average is $12.59 and its two-hundred day moving average is $12.66.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last posted its quarterly earnings results on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The business had revenue of $21.04 billion during the quarter, compared to analyst estimates of $20.78 billion. On average, sell-side analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, August 25th will be issued a dividend of $0.2471 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a dividend yield of 1,750.0%. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 46.26%.

Petroleo Brasileiro S.A.- Petrobras Profile

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.

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