406,268 Petroleo Brasileiro S.A.- Petrobras $PBR Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 18.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,589,233 shares of the oil and gas exploration company's stock after acquiring an additional 406,268 shares during the period. Annex Advisory Services LLC's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $54,037,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Franchise GP Ltd purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth $17,660,000. Ellsworth Advisors LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.5% during the third quarter. Ellsworth Advisors LLC now owns 381,919 shares of the oil and gas exploration company's stock worth $7,971,000 after purchasing an additional 1,949 shares during the period. NFSG Corp lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 153.8% during the third quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company's stock worth $86,000 after purchasing an additional 2,500 shares during the period. Ninety One UK Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $11,176,000. Finally, GK Wealth Management LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $97,000.

Petroleo Brasileiro S.A.- Petrobras Price Performance

NYSE:PBR opened at $25.98 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $26.10. The stock's 50-day moving average price is $20.88 and its 200-day moving average price is $19.66. The stock has a market capitalization of $167.41 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 2.26 and a beta of 0.29.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be paid a $0.2649 dividend. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is currently 10.86%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group increased their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, September 23rd. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a "strong sell" rating to a "hold" rating in a report on Monday, August 31st. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 9th. JPMorgan Chase & Co. raised their target price on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Tuesday, September 1st. Finally, Wall Street Zen lowered Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "buy" rating in a report on Sunday, October 11th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company headquartered in Rio de Janeiro. Founded in 1953, the company is engaged primarily in the exploration, development, production, refining, transportation and marketing of oil and natural gas.

Petrobras has a major focus on offshore operations, particularly the development of Brazil's pre-salt oil fields in the Santos and Campos basins. Its activities also include the processing and sale of petroleum products, natural gas and biofuels, as well as participation in power generation and other energy-related businesses.

The company serves the Brazilian market through its production, refining, logistics and distribution activities and has historically maintained international operations and partnerships.

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