Mondrian Investment Partners LTD Has $132.72 Million Stock Position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

Key Points

• Mondrian Investment Partners LTD reduced its holdings in Petroleo Brasileiro S.A.- Petrobras by 1.0%, selling 91,062 shares during the first quarter, retaining a total of 9,255,391 shares.
• Analysts have mixed opinions on the stock; while Jefferies Financial Group upgraded the rating from "hold" to "buy," Bank of America downgraded it from "buy" to "neutral."
• Petroleo Brasileiro S.A.- Petrobras recently reported earnings of $0.64 EPS, missing forecasts, while also announcing a dividend yield of 1,750.0% for shareholders.

Mondrian Investment Partners LTD lowered its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 1.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,255,391 shares of the oil and gas exploration company's stock after selling 91,062 shares during the period. Petroleo Brasileiro S.A.- Petrobras makes up approximately 2.3% of Mondrian Investment Partners LTD's holdings, making the stock its 14th biggest position. Mondrian Investment Partners LTD owned about 0.14% of Petroleo Brasileiro S.A.- Petrobras worth $132,722,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PBR. Lazard Asset Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 16.4% during the 4th quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock worth $279,779,000 after purchasing an additional 3,072,312 shares during the last quarter. ARGA Investment Management LP increased its position in Petroleo Brasileiro S.A.- Petrobras by 0.3% in the 1st quarter. ARGA Investment Management LP now owns 11,036,110 shares of the oil and gas exploration company's stock worth $158,258,000 after buying an additional 38,312 shares during the period. Carrhae Capital LLP bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $64,765,000. Artemis Investment Management LLP increased its position in Petroleo Brasileiro S.A.- Petrobras by 30.2% in the 1st quarter. Artemis Investment Management LLP now owns 3,908,771 shares of the oil and gas exploration company's stock worth $56,052,000 after buying an additional 905,800 shares during the period. Finally, Todd Asset Management LLC increased its position in Petroleo Brasileiro S.A.- Petrobras by 0.7% in the 1st quarter. Todd Asset Management LLC now owns 2,957,106 shares of the oil and gas exploration company's stock worth $42,405,000 after buying an additional 19,910 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR traded down $0.13 on Thursday, hitting $12.09. 15,214,892 shares of the stock traded hands, compared to its average volume of 25,379,858. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.73. 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 firm has a market capitalization of $77.88 billion, a PE ratio of 5.65 and a beta of 0.85. The business has a fifty day moving average price of $12.55 and a two-hundred day moving average price of $12.71.

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 earnings per share for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). The company had revenue of $21.04 billion for the quarter, compared to analyst estimates of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. On average, research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The business also recently disclosed a -- dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, August 25th will be issued 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 payout ratio is presently 46.26%.

Analyst Ratings Changes

PBR has been the topic of several recent analyst reports. Bank of America downgraded Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. Jefferies Financial Group raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a research report on Thursday, May 15th. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $17.40.

Petroleo Brasileiro S.A.- Petrobras Company 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.