Petroleo Brasileiro S.A.- Petrobras $PBR Shares Purchased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 150.6%, now holding 40,514 shares valued at approximately $581,000.
• Petroleo Brasileiro S.A.- Petrobras has received mixed ratings from analysts, with upgrades and downgrades resulting in an average rating of "Buy" and a consensus price target of $17.26.
• The company reported $0.64 EPS for the last quarter, missing estimates, and also declared a significant dividend yield of 1,750% to be paid on December 1st.

Vestmark Advisory Solutions Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) by 150.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,514 shares of the oil and gas exploration company's stock after purchasing an additional 24,350 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $581,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. TrueMark Investments LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $2,678,000. Salem Investment Counselors Inc. lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 22.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 520,911 shares of the oil and gas exploration company's stock worth $7,470,000 after purchasing an additional 94,165 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth $29,984,000. Banco Santander S.A. lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 15.2% in the 1st quarter. Banco Santander S.A. now owns 155,244 shares of the oil and gas exploration company's stock worth $2,226,000 after purchasing an additional 20,462 shares in the last quarter. Finally, Artemis Investment Management LLP raised its position in 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 buying an additional 905,800 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Trading Up 3.3%

Shares of NYSE:PBR traded up $0.3950 during trading on Friday, hitting $12.3450. The company had a trading volume of 22,238,664 shares, compared to its average volume of 21,179,182. The stock has a market cap of $79.56 billion, a price-to-earnings ratio of 5.77 and a beta of 0.85. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.03 and a one year high of $15.73. The company has a fifty day simple moving average of $12.58 and a two-hundred day simple moving average of $12.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.72 and a quick ratio of 0.47.

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). The business had revenue of $21.04 billion for the quarter, compared to the consensus estimate 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, equities analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, August 25th will be given a dividend of $0.2471 per share. The ex-dividend date is Monday, August 25th. This represents a yield of 1,750.0%. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio is currently 46.26%.

Analyst Ratings Changes

PBR has been the subject of several research analyst reports. UBS Group decreased their target price on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a "buy" rating for the company in a research report on Friday. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Bank of America cut Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "neutral" rating in a research note on Monday, June 9th. Finally, Jefferies Financial Group upgraded Petroleo Brasileiro S.A.- Petrobras from a "hold" rating to a "buy" rating and set a $15.30 price target on the stock in a research report on Thursday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $16.78.

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.