TrueMark Investments LLC Grows Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• TrueMark Investments LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 18.3% during the second quarter, now holding 221,000 shares valued at $2,765,000.
• Petrobras reported a quarterly EPS of $0.64, missing consensus estimates, but achieved revenues of $21.04 billion, surpassing expectations.
• The company has announced a special dividend of $0.0739 per share, set to be paid on December 30th, with a dividend payout ratio of 48.13%.

TrueMark Investments LLC grew its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 18.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 221,000 shares of the oil and gas exploration company's stock after acquiring an additional 34,224 shares during the period. TrueMark Investments LLC's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,765,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in PBR. Sagespring Wealth Partners LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $178,000. United Advisor Group LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $148,000. International Assets Investment Management LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 20.3% in the 1st quarter. International Assets Investment Management LLC now owns 13,064 shares of the oil and gas exploration company's stock valued at $187,000 after acquiring an additional 2,202 shares during the period. Moran Wealth Management LLC raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% in the 1st quarter. Moran Wealth Management LLC now owns 405,562 shares of the oil and gas exploration company's stock valued at $5,816,000 after acquiring an additional 12,754 shares during the period. Finally, Artemis Investment Management LLP raised its stake in shares of 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 valued at $56,052,000 after acquiring an additional 905,800 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR opened at $11.64 on Friday. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $15.10. The firm's 50 day moving average price is $12.36 and its 200 day moving average price is $12.22. The company has a market cap of $74.98 billion, a P/E ratio of 5.44 and a beta of 0.86. The company has a quick ratio of 0.47, a current ratio of 0.72 and a debt-to-equity ratio of 0.76.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $0.70 by ($0.06). Petroleo Brasileiro S.A.- Petrobras had a net margin of 15.99% and a return on equity of 34.11%. The firm had revenue of $21.04 billion during the quarter, compared to analysts' expectations of $20.78 billion. On average, research 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 Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be given 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 currently 48.13%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PBR shares. Wall Street Zen downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "hold" rating in a research note on Sunday. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. UBS Group cut 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 note on Friday, August 22nd. Finally, 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, September 18th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of "Moderate Buy" and a consensus price target 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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