60,000 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Acquired by Step Capital Management Pte. Ltd.

Step Capital Management Pte. Ltd. purchased a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, Holdings Channel reports. The fund purchased 60,000 shares of the oil and gas exploration company’s stock, valued at approximately $676,000. Petroleo Brasileiro S.A.- Petrobras accounts for 0.3% of Step Capital Management Pte. Ltd.’s holdings, making the stock its 18th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,044 shares during the last quarter. BNP Paribas increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 241.9% in the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after buying an additional 3,000 shares during the period. New Millennium Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at $59,000. Activest Wealth Management raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 78.5% during the 3rd quarter. Activest Wealth Management now owns 6,864 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 3,018 shares during the last quarter. Finally, Westfuller Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at $90,000.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.3%

Shares of NYSE:PBR opened at $20.50 on Monday. The firm has a market capitalization of $132.14 billion, a P/E ratio of 6.74, a P/E/G ratio of 0.18 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71. The stock has a 50 day moving average price of $17.30 and a 200-day moving average price of $14.08. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $21.40.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share for the quarter. The company had revenue of $23.61 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%. As a group, equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, April 24th will be issued a dividend of $0.1191 per share. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 11.51%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. The Goldman Sachs Group upped their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their target price for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. Finally, Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.20.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.