Petroleo Brasileiro S.A.- Petrobras $PBR Shares Acquired by Cape Ann Asset Management Ltd

Cape Ann Asset Management Ltd lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 26.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 574,311 shares of the oil and gas exploration company’s stock after buying an additional 119,700 shares during the quarter. Petroleo Brasileiro S.A.- Petrobras makes up approximately 1.8% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 10th largest position. Cape Ann Asset Management Ltd’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $6,472,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PBR. Mondrian Investment Partners LTD acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at $140,433,000. Capital International Investors grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 51.6% in the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock valued at $363,052,000 after buying an additional 10,425,563 shares in the last quarter. ICICI Prudential Asset Management Co Ltd purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at $35,144,000. DNB Asset Management AS acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at $21,778,000. Finally, Earnest Partners LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 52.0% in the 3rd quarter. Earnest Partners LLC now owns 4,872,441 shares of the oil and gas exploration company’s stock valued at $61,685,000 after purchasing an additional 1,665,873 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. decreased their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price target for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Trading Up 0.7%

PBR opened at $18.37 on Friday. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The company has a market cap of $118.35 billion, a P/E ratio of 5.96, a PEG ratio of 0.73 and a beta of 0.32. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The business’s 50-day simple moving average is $20.08 and its 200-day simple moving average is $16.65.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. As a group, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 11.04%.

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.