418,136 Shares in Petroleo Brasileiro S.A.- Petrobras $PBR Bought by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 418,136 shares of the oil and gas exploration company’s stock, valued at approximately $4,955,000.

A number of other institutional investors have also recently bought and sold shares of PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after purchasing an additional 11,680 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% in the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after buying an additional 1,356 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 55.9% in the 2nd quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock worth $201,000 after buying an additional 5,624 shares during the last quarter. NewEdge Advisors LLC grew its position in Petroleo Brasileiro S.A.- Petrobras by 797.8% during the second quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock valued at $235,000 after buying an additional 16,699 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 35.0% during the second quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock worth $674,000 after buying an additional 13,988 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $20.38 on Friday. The company’s 50 day simple moving average is $19.82 and its two-hundred day simple moving average is $15.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $22.24. The stock has a market capitalization of $131.32 billion, a PE ratio of 6.70, a P/E/G ratio of 0.82 and a beta of 0.38.

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 firm 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%. Analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.69 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, April 24th will be paid a $0.1191 dividend. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 10.86%.

Wall Street Analyst Weigh In

Several analysts have commented on PBR shares. Jefferies Financial Group lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, April 10th. The Goldman Sachs Group lifted their price target 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. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Finally, Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Moderate Buy” and an average target price of $18.35.

About Petroleo Brasileiro S.A.- Petrobras

Petro?leo 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.