Simplicity Wealth LLC Invests $651,000 in Petroleo Brasileiro S.A.- Petrobras $PBR

Simplicity Wealth LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,000 shares of the oil and gas exploration company's stock, valued at approximately $651,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. 25 LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $210,000. Ping Capital Management Inc. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 179.8% during the second quarter. Ping Capital Management Inc. now owns 235,000 shares of the oil and gas exploration company's stock worth $2,940,000 after acquiring an additional 151,000 shares during the period. Generali Investments CEE investicni spolecnost a.s. increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 60.4% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 92,900 shares of the oil and gas exploration company's stock worth $1,162,000 after acquiring an additional 35,000 shares during the period. Truist Financial Corp increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 83.3% during the second quarter. Truist Financial Corp now owns 33,213 shares of the oil and gas exploration company's stock worth $415,000 after acquiring an additional 15,094 shares during the period. Finally, Venture Visionary Partners LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 13.8% during the second quarter. Venture Visionary Partners LLC now owns 229,786 shares of the oil and gas exploration company's stock worth $2,875,000 after acquiring an additional 27,854 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $12.29 on Wednesday. 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 company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 5.74 and a beta of 0.86. The company's 50 day simple moving average is $12.52 and its 200 day simple moving average is $12.36. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last posted its quarterly earnings results 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 analysts' expectations of $20.78 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. On average, sell-side 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 business also recently declared a special dividend, which will be paid on Tuesday, December 30th. Shareholders 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 currently 48.13%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of 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. Weiss Ratings restated a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Saturday, September 27th. Finally, Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.43.

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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