63,579 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Timothy G. Youngquist 2020 Irrevocable Trust

Key Points

• Timothy G. Youngquist 2020 Irrevocable Trust acquired 63,579 Petrobras shares in the second quarter, valued at approximately $1.03 million. Several other institutional investors also initiated or increased positions.
• Analyst sentiment is mixed but leans positive: Petrobras has a consensus rating of “Moderate Buy” and an average price target of $19.28, despite Zacks Research downgrading the stock to “strong sell.”
• Petrobras shares opened at $18.20, near the midpoint of their 52-week range, and the company announced a special dividend of $0.2649 per share payable December 1 to shareholders of record August 25.

Timothy G. Youngquist 2020 Irrevocable Trust acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 63,579 shares of the oil and gas exploration company's stock, valued at approximately $1,027,000.

A number of other institutional investors have also recently added to or reduced their stakes in PBR. GHP Investment Advisors Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $26,000. Clearstead Advisors LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company's stock worth $28,000 after acquiring an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company's stock worth $30,000 after acquiring an additional 1,044 shares during the period. Ascentis Independent Advisors acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $51,000. Finally, Harbor Investment Advisory LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at about $54,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports 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 note on Tuesday, July 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. cut their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an "overweight" rating on the stock in a report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Trading Down 0.2%

NYSE:PBR opened at $18.20 on Wednesday. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The stock has a market cap of $117.32 billion, a price-to-earnings ratio of 4.60, a PEG ratio of 0.73 and a beta of 0.33. The business has a fifty day moving average of $17.65 and a 200-day moving average of $18.39. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a $0.2649 dividend. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is currently 8.59%.

Petroleo Brasileiro S.A.- Petrobras Profile

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.

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