33,041 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Purchased by Candriam S.C.A.

Key Points

• Candriam S.C.A. acquired 33,041 shares of Petroleo Brasileiro S.A.- Petrobras, totaling approximately $474,000, as noted in a recent SEC filing.
• The stock received mixed ratings from analysts; while Bank of America downgraded it to "neutral," other firms like Jefferies upgraded it to "buy," establishing a target price of $15.30.
• Petrobras declared a dividend of $0.2471 per share with a yield of 1,750.0%, set to be paid on December 1st, while currently maintaining a dividend payout ratio of 46.26%.

Candriam S.C.A. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,041 shares of the oil and gas exploration company's stock, valued at approximately $474,000.

Other large investors have also made changes to their positions in the company. Morningstar Investment Management LLC increased its stake in 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 acquiring an additional 1,169 shares during the last quarter. Vise Technologies Inc. lifted its stake 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 purchasing an additional 1,633 shares in the last quarter. Redwood Park Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% in 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. grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.8% in the fourth quarter. Poehling Capital Management INC. now owns 228,299 shares of the oil and gas exploration company's stock valued at $2,936,000 after buying an additional 1,870 shares in the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.6% during the 1st quarter. SeaCrest Wealth Management LLC now owns 58,125 shares of the oil and gas exploration company's stock valued at $834,000 after buying an additional 2,012 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. UBS Group dropped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Jefferies Financial Group upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price objective on the stock in a report on Thursday, May 15th. Finally, Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $16.14.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.4%

Shares of PBR stock traded up $0.05 during trading hours on Friday, hitting $12.41. 19,647,320 shares of the company were exchanged, compared to its average volume of 22,619,596. The stock has a market capitalization of $79.94 billion, a price-to-earnings ratio of 5.80 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.50. The business's 50-day simple moving average is $12.50 and its two-hundred day simple moving average is $12.57. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. Sell-side analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS 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 Tuesday, December 30th. Investors of record on Monday, August 25th will be given a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is currently 48.13%.

Petroleo Brasileiro S.A.- Petrobras Company 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.