Stephens Inc. AR Acquires New Shares in Petroleo Brasileiro S.A.- Petrobras $PBR

Stephens Inc. AR acquired a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 41,714 shares of the oil and gas exploration company’s stock, valued at approximately $494,000.

Other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter worth $26,000. Geneos Wealth Management Inc. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after acquiring an additional 1,044 shares during the period. Bayforest Capital Ltd bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter worth $39,000. BNP Paribas raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after acquiring an additional 3,000 shares during the period. Finally, New Millennium Group LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth $59,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE:PBR opened at $20.06 on Friday. The firm’s 50-day moving average is $20.43 and its 200-day moving average is $16.01. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $22.24. 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 company has a market cap of $129.24 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.79 and a beta of 0.38.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, August 27th. Stockholders of record on Wednesday, June 3rd will be issued a dividend of $0.1426 per share. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 10.71%.

Analyst Ratings Changes

Several brokerages recently commented on PBR. The Goldman Sachs Group lifted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their target price for the stock from $20.30 to $19.00 in a report on Friday, March 13th. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Finally, Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $18.35.

About Petroleo Brasileiro S.A.- Petrobras

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.