Venture Visionary Partners LLC Has $2.88 Million Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• Venture Visionary Partners LLC increased its stake in **Petroleo Brasileiro S.A.- Petrobras** by **13.8%**, owning **229,786 shares** valued at **$2.88 million** as of the latest SEC filing.
• UBS Group and Zacks Research downgraded Petrobras's stock ratings, with UBS lowering its price target from **$15.80 to $14.40**, while Zacks changed its rating from **"strong-buy" to "hold."**
• The company recently announced a **special dividend** of **$0.0739 per share**, which will be paid on **December 30th**, with a payout ratio of **48.13%.**

Venture Visionary Partners LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 229,786 shares of the oil and gas exploration company's stock after purchasing an additional 27,854 shares during the period. Venture Visionary Partners LLC's holdings in Petroleo Brasileiro S.A.- Petrobras were worth $2,875,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PBR. Financial Gravity Asset Management Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $29,000. Wayfinding Financial LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $32,000. Wealth Preservation Advisors LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $34,000. Redwood Park Advisors LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 95.6% during the first quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company's stock worth $53,000 after purchasing an additional 1,810 shares during the period. Finally, City Holding Co. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $97,000.

Analyst Ratings Changes

A number of brokerages recently commented on PBR. UBS Group decreased their price objective on 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. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 18th. Finally, Bank of America lowered Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a report on Monday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of "Moderate Buy" and an average target price of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR opened at $12.86 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $15.34. The firm has a market capitalization of $82.87 billion, a PE ratio of 6.01 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 business's 50-day simple moving average is $12.54 and its 200 day simple moving average is $12.42.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Get Free Report) last announced 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 business had revenue of $21.04 billion for 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 expect 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 firm also recently declared a special dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, August 25th will be given a dividend of $0.0739 per share. The ex-dividend date of this dividend is Monday, August 25th. Petroleo Brasileiro S.A.- Petrobras's 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.

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