98,692 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. acquired 98,692 shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 1st quarter, valuing the purchase at approximately $1.415 million.
• Several hedge funds, including Dodge & Cox and NFJ Investment Group LLC, increased their stakes in Petrobras during the 4th quarter, reflecting growing institutional interest in the company.
• Petroleo Brasileiro S.A.- Petrobras recently reported quarterly earnings with an EPS of $0.64, which was below analysts' expectations, and announced a dividend payment scheduled for December 1st.

Fox Run Management L.L.C. acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 98,692 shares of the oil and gas exploration company's stock, valued at approximately $1,415,000.

Several other institutional investors and hedge funds have also made changes to their positions in PBR. Financial Gravity Asset Management Inc. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $29,000. Wayfinding Financial LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $32,000. Redwood Park Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% in the 1st 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 in the last quarter. Kapitalo Investimentos Ltda boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 104.4% in the 4th quarter. Kapitalo Investimentos Ltda now owns 6,663 shares of the oil and gas exploration company's stock worth $86,000 after buying an additional 156,663 shares in the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 4th quarter worth about $93,000.

Wall Street Analyst Weigh In

PBR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Jefferies Financial Group upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 target price on the stock in a report on Thursday, May 15th. Finally, Bank of America lowered shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.26.

Petroleo Brasileiro S.A.- Petrobras Trading Down 2.1%

Shares of NYSE PBR traded down $0.2550 on Tuesday, reaching $11.8650. 13,306,750 shares of the company traded hands, compared to its average volume of 21,169,996. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.73. The company has a 50 day moving average of $12.58 and a 200 day moving average of $12.67. 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 $76.46 billion, a PE ratio of 5.54 and a beta of 0.85.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS 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 company had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. On average, equities research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The firm also recently announced a -- dividend, which will be paid on Monday, December 1st. Investors of record on Monday, August 25th will be given a dividend of $0.2471 per share. This represents a yield of 1,750.0%. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is 46.26%.

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.