Kapitalo Investimentos Ltda Purchases New Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• Kapitalo Investimentos Ltda has acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter, purchasing 87,293 shares valued at approximately $1,092,000.
• Petrobras recently announced a special dividend of $0.0739 per share, set to be paid on December 30th, with a payout ratio of 48.13%.
• The company's stock has seen a slight decline of 1.3% and reported a quarterly EPS of $0.64, missing analyst estimates by $0.06.

Kapitalo Investimentos Ltda purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,293 shares of the oil and gas exploration company's stock, valued at approximately $1,092,000.

Several other large investors also recently made changes to their positions in PBR. Financial Gravity Asset Management Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $29,000. Wayfinding Financial LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $32,000. Wealth Preservation Advisors LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $34,000. Redwood Park Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 95.6% in the first 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 stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $97,000.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.3%

Petroleo Brasileiro S.A.- Petrobras stock opened at $12.64 on Monday. The company has a 50-day simple moving average of $12.45 and a 200-day simple moving average of $12.41. The firm has a market capitalization of $81.46 billion, a P/E ratio of 5.91 and a beta of 0.91. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.34.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last released 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). The firm had revenue of $21.04 billion during 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, equities analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on PBR shares. UBS Group reduced their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating for the company in a research note on Friday, August 22nd. Bank of America downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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