New York State Common Retirement Fund Grows Position in Petroleo Brasileiro S.A.- Petrobras $PBR

New York State Common Retirement Fund grew its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 20.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,702,467 shares of the oil and gas exploration company’s stock after purchasing an additional 467,737 shares during the quarter. New York State Common Retirement Fund’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $34,213,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PBR. Drum Hill Capital LLC lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after buying an additional 866 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 45.7% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after acquiring an additional 902 shares during the period. World Investment Advisors raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 6.7% during the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after acquiring an additional 961 shares during the period. Pekin Hardy Strauss Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.2% during the second quarter. Pekin Hardy Strauss Inc. now owns 31,852 shares of the oil and gas exploration company’s stock worth $398,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Avestar Capital LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 3.1% in the second quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock worth $413,000 after acquiring an additional 1,003 shares during the period.

Analyst Ratings Changes

A number of analysts recently issued reports on PBR shares. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. UBS Group lifted their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.97.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.3%

Shares of NYSE PBR opened at $15.32 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. The business has a 50-day moving average of $12.56 and a 200-day moving average of $12.46. The firm has a market capitalization of $98.74 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.32 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $15.94.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. 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 Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be given a dividend of $0.0658 per share. The ex-dividend date is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is 21.30%.

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.