Strs Ohio Purchases Shares of 37,465 Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• Strs Ohio has acquired a new stake in Petroleo Brasileiro S.A.- Petrobras valued at approximately $537,000, purchasing 37,465 shares during the first quarter.
• Petrobras reported a quarterly EPS of $0.64, missing the consensus estimate of $0.70, but had revenues of $21.04 billion, exceeding analyst expectations.
• The company announced a special dividend of $0.0739 per share, which will be paid on December 30th, with an ex-dividend date of August 25th.

Strs Ohio bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 37,465 shares of the oil and gas exploration company's stock, valued at approximately $537,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $32,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at about $34,000. Redwood Park Advisors LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the 1st quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock valued at $53,000 after acquiring an additional 1,810 shares in the last quarter. Finally, City Holding Co. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $97,000.

Wall Street Analysts Forecast Growth

PBR has been the subject of a number of research analyst reports. Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a research note on Thursday. 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, 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 for the company in a research note on Friday, August 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $16.14.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded up $0.12 during midday trading on Monday, hitting $12.74. 17,689,062 shares of the company traded hands, compared to its average volume of 18,072,324. The stock has a market cap of $82.07 billion, a price-to-earnings ratio of 5.95 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. The firm's fifty day moving average price is $12.45 and its 200-day moving average price is $12.41. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.34.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last issued its quarterly 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). Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%.The firm had revenue of $21.04 billion during the quarter, compared to analyst estimates of $20.78 billion. As a group, sell-side analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share 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. Investors 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%.

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.