FCG Investment Co Invests $453,000 in Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• FCG Investment Co has invested $453,000 in Petroleo Brasileiro S.A.- Petrobras by acquiring 36,176 shares during the second quarter.
• Financial analysts have mixed opinions on Petrobras, with Bank of America downgrading the stock to a "neutral" rating and UBS lowering its price target from $15.80 to $14.40.
• The company announced a special dividend of $0.0739 per share, set to be paid on December 30th to stockholders of record as of August 25th.

FCG Investment Co purchased a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,176 shares of the oil and gas exploration company's stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBR. Financial Gravity Asset Management Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $29,000. Wayfinding Financial LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $32,000. Wealth Preservation Advisors LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $34,000. Redwood Park Advisors LLC increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 95.6% during 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 purchasing an additional 1,810 shares during the period. Finally, City Holding Co. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth $97,000.

Wall Street Analyst Weigh In

PBR has been the topic of several research reports. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. UBS Group reduced their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating on the stock in a report on Friday, August 22nd. Finally, Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 18th. One 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 MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of "Moderate Buy" and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $13.10 on Friday. The stock has a 50-day moving average of $12.50 and a two-hundred day moving average of $12.42. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The stock has a market cap of $84.39 billion, a P/E ratio of 6.12 and a beta of 0.91.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. As a group, research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, August 25th will be paid a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 48.13%.

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.

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