Nomura Asset Management Co. Ltd. Has $353,000 Stock Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Nomura Asset Management Co. Ltd. reduced its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 51.0% in the 4th quarter, HoldingsChannel reports. The firm owned 29,762 shares of the oil and gas exploration company’s stock after selling 30,925 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $353,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. acquired a new stake in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at about $26,000. Clearstead Advisors LLC lifted its position in Petroleo Brasileiro S.A.- Petrobras by 273.4% during the fourth quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 1,706 shares during the last quarter. Geneos Wealth Management Inc. lifted its position 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 acquiring an additional 1,044 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $39,000. Finally, BNP Paribas lifted its position 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 acquiring an additional 3,000 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research 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 research report on Sunday, March 22nd. JPMorgan Chase & Co. cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their price objective for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Finally, Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.7%

Shares of PBR opened at $17.76 on Friday. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $22.24. The firm’s 50 day moving average is $20.33 and its 200-day moving average is $16.47. The stock has a market capitalization of $114.43 billion, a PE ratio of 5.77, a P/E/G ratio of 0.72 and a beta of 0.32. 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 (NYSE:PBR) last announced its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 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 forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

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.