Banco Bilbao Vizcaya Argentaria S.A. Has $202,000 Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Petroleo Brasileiro S.A.- Petrobras by 95.3%, owning only 14,126 shares after selling 287,274 shares during the first quarter, with holdings worth approximately $202,000.
• Recent analyst activity includes upgrades from multiple firms, with Wall Street Zen and Jefferies Financial Group raising their ratings to "buy", while UBS Group cut its price target from $15.80 to $14.40.
• Petroleo Brasileiro S.A.- Petrobras recently announced a dividend of $0.2471 per share, which reflects a dividend yield of 1,750% and a payout ratio of 46.26%.

Banco Bilbao Vizcaya Argentaria S.A. lowered its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 95.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,126 shares of the oil and gas exploration company's stock after selling 287,274 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $202,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quantbot Technologies LP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $3,083,000. Tocqueville Asset Management L.P. grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 14.8% during the 1st quarter. Tocqueville Asset Management L.P. now owns 23,812 shares of the oil and gas exploration company's stock worth $341,000 after purchasing an additional 3,074 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth about $1,415,000. Vestmark Advisory Solutions Inc. grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 150.6% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 40,514 shares of the oil and gas exploration company's stock worth $581,000 after purchasing an additional 24,350 shares during the period. Finally, Ted Buchan & Co grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.6% during the 1st quarter. Ted Buchan & Co now owns 221,923 shares of the oil and gas exploration company's stock worth $3,182,000 after purchasing an additional 5,524 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR stock traded up $0.06 on Friday, hitting $12.42. 13,892,025 shares of the stock traded hands, compared to its average volume of 21,060,854. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47. The company has a market capitalization of $80.01 billion, a PE ratio of 5.80 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.50. The company's fifty day moving average is $12.51 and its 200 day moving average is $12.58.

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 earnings per share 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 company had revenue of $21.04 billion during the quarter, compared to analyst estimates of $20.78 billion. On average, equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be paid a $0.0739 dividend. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 47.66%.

Wall Street Analysts Forecast Growth

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

Petroleo Brasileiro S.A.- Petrobras 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.