Petroleo Brasileiro S.A.- Petrobras $PBR Shares Bought by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD grew its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 14.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,655,094 shares of the oil and gas exploration company’s stock after purchasing an additional 1,562,473 shares during the period. Petroleo Brasileiro S.A.- Petrobras makes up about 2.4% of Mondrian Investment Partners LTD’s holdings, making the stock its 14th largest holding. Mondrian Investment Partners LTD owned about 0.20% of Petroleo Brasileiro S.A.- Petrobras worth $149,963,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth $26,000. Geneos Wealth Management Inc. lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 74.9% during 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 in the last quarter. Bayforest Capital Ltd acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth $39,000. BNP Paribas lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after purchasing an additional 3,000 shares in the last quarter. Finally, New Millennium Group LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the third quarter worth $59,000.

Petroleo Brasileiro S.A.- Petrobras Stock Down 0.5%

Shares of NYSE PBR opened at $19.93 on Friday. The stock has a market cap of $128.40 billion, a P/E ratio of 6.47, a PEG ratio of 0.79 and a beta of 0.38. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $22.24. The business’s fifty day simple moving average is $20.45 and its 200-day simple moving average is $16.04.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (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 analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 10.39%.

Analyst Ratings Changes

PBR has been the topic of a number of research reports. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Jefferies Financial Group cut Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.30 to $19.00 in a research note on Friday, March 13th. Weiss Ratings upgraded 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 upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.70 to $24.80 in a research note on Friday, April 17th. Finally, The Goldman Sachs Group increased their price objective on 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $18.35.

Petroleo Brasileiro S.A.- Petrobras Profile

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.