46,806 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Archford Capital Strategies LLC

Key Points

• Archford Capital Strategies LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras, purchasing 46,806 shares valued at approximately $586,000 during the second quarter.
• Petrobras reported $0.64 EPS for the latest quarter, missing the consensus estimate by $0.06, while also announcing a dividend of $0.0739 per share with a payout ratio of 48.13%.
• Several hedge funds increased their holdings in Petrobras, with SeaBridge Investment Advisors LLC and Kathmere Capital Management LLC growing their stakes by 26.6% and 37.0%, respectively, during the second quarter.

Archford Capital Strategies LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 46,806 shares of the oil and gas exploration company's stock, valued at approximately $586,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SeaBridge Investment Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 26.6% during the second quarter. SeaBridge Investment Advisors LLC now owns 116,031 shares of the oil and gas exploration company's stock valued at $1,452,000 after purchasing an additional 24,392 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 37.0% during the second quarter. Kathmere Capital Management LLC now owns 33,966 shares of the oil and gas exploration company's stock valued at $425,000 after purchasing an additional 9,181 shares during the last quarter. FCG Investment Co acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $453,000. Brave Asset Management Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $198,000. Finally, TD Private Client Wealth LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 15.3% during the second quarter. TD Private Client Wealth LLC now owns 20,086 shares of the oil and gas exploration company's stock valued at $251,000 after purchasing an additional 2,667 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.7%

PBR opened at $12.86 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.34. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $82.87 billion, a price-to-earnings ratio of 6.01 and a beta of 0.91. The business has a 50 day moving average of $12.54 and a 200-day moving average of $12.42.

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

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be paid a dividend of $0.0739 per share. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's payout ratio is currently 48.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on PBR shares. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. Finally, UBS Group reduced their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating for the company in a research report on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.43.

About Petroleo Brasileiro S.A.- Petrobras

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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