Petroleo Brasileiro S.A.- Petrobras $PBR Stock Holdings Increased by Moran Wealth Management LLC

Key Points

• Moran Wealth Management LLC increased its holdings in Petrobras by 8.0% during the 2nd quarter, bringing their total shares to 438,047, valued at $5.48 million.
• Petrobras reported a missed earnings estimate for Q2 with an EPS of $0.64, below the expected $0.70, despite revenue exceeding forecasts at $21.04 billion.
• The company declared a special dividend of $0.0739 to be paid on December 30th, with a dividend payout ratio of 48.13%.

Moran Wealth Management LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 438,047 shares of the oil and gas exploration company's stock after acquiring an additional 32,485 shares during the period. Moran Wealth Management LLC's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $5,480,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. MGO One Seven LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 8.6% during the 2nd quarter. MGO One Seven LLC now owns 55,625 shares of the oil and gas exploration company's stock valued at $696,000 after acquiring an additional 4,383 shares in the last quarter. Abel Hall LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at $194,000. Sachetta LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 142.9% during the 2nd quarter. Sachetta LLC now owns 5,100 shares of the oil and gas exploration company's stock valued at $64,000 after acquiring an additional 3,000 shares in the last quarter. Tyche Wealth Partners LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 45.2% during the 2nd quarter. Tyche Wealth Partners LLC now owns 25,717 shares of the oil and gas exploration company's stock valued at $322,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 12.0% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 101,155 shares of the oil and gas exploration company's stock valued at $1,265,000 after acquiring an additional 10,861 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of NYSE PBR opened at $11.79 on Wednesday. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $75.95 billion, a price-to-earnings ratio of 5.51 and a beta of 0.86. The stock's fifty day simple moving average is $12.43 and its 200 day simple moving average is $12.28. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $15.10.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). The company 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, sell-side analysts forecast 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 company also recently declared a special dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, August 25th will be given a $0.0739 dividend. The ex-dividend date is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is 48.13%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings reissued a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 18th. UBS Group dropped 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 research note on Friday, August 22nd. Finally, Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of "Moderate Buy" and a consensus target price of $15.43.

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.

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