Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Boosted by Perpetual Ltd

Key Points

• Perpetual Ltd has increased its stake in Petroleo Brasileiro S.A.- Petrobras by 1.5%, bringing its total holdings to approximately $40.8 million.
• Petroleo Brasileiro S.A.- Petrobras is facing mixed analyst reviews, with Bank of America downgrading the stock from "buy" to "neutral", while Zacks upgraded it to "strong-buy".
• The company announced a special dividend of $0.0739 to be paid on December 30th to shareholders of record by August 25th, with a payout ratio of 48.13%.

Perpetual Ltd raised its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,261,657 shares of the oil and gas exploration company's stock after buying an additional 48,400 shares during the quarter. Perpetual Ltd owned about 0.05% of Petroleo Brasileiro S.A.- Petrobras worth $40,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $148,086,000. Krilogy Financial LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.8% during the 2nd quarter. Krilogy Financial LLC now owns 19,815 shares of the oil and gas exploration company's stock worth $248,000 after purchasing an additional 1,600 shares during the period. Wesbanco Bank Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $140,000. Salem Investment Counselors Inc. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 8.4% during the 2nd quarter. Salem Investment Counselors Inc. now owns 564,661 shares of the oil and gas exploration company's stock worth $7,065,000 after purchasing an additional 43,750 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $537,000.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PBR. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research report on Monday, June 9th. UBS Group dropped their price target on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating on the stock in a research 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. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.14.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR stock traded down $0.17 on Friday, reaching $12.64. The company's stock had a trading volume of 17,101,935 shares, compared to its average volume of 18,592,866. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $15.34. The company has a market capitalization of $81.46 billion, a P/E ratio of 5.91 and a beta of 0.91. The firm has a fifty day moving average of $12.45 and a two-hundred day moving average of $12.41. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $21.04 billion during the quarter, compared to the consensus estimate of $20.78 billion. As a group, analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

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