Sapient Capital LLC Makes New $330,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sapient Capital LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,152 shares of the oil and gas exploration company’s stock, valued at approximately $330,000.

Several other hedge funds have also recently modified their holdings of the stock. Axxcess Wealth Management LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 85.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 31,700 shares of the oil and gas exploration company’s stock valued at $506,000 after acquiring an additional 14,577 shares during the period. LSV Asset Management purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $351,000. M&T Bank Corp raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.6% in the fourth quarter. M&T Bank Corp now owns 26,091 shares of the oil and gas exploration company’s stock worth $417,000 after purchasing an additional 661 shares during the last quarter. Essex Financial Services Inc. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $380,000. Finally, Victory Capital Management Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 11.8% in the fourth quarter. Victory Capital Management Inc. now owns 3,896,244 shares of the oil and gas exploration company’s stock valued at $62,223,000 after buying an additional 411,905 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have commented on PBR. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Monday, March 25th. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $20.00 to $18.00 in a report on Monday, March 11th. UBS Group lifted their price objective on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research note on Monday, March 25th. Finally, Bank of America downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Friday, March 8th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $16.64 on Tuesday. The business has a 50-day moving average price of $15.86 and a 200 day moving average price of $15.95. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.64 and a twelve month high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The business had revenue of $27.11 billion during the quarter, compared to analysts’ expectations of $26.45 billion. On average, analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.6 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 6th will be given a dividend of $0.3406 per share. This represents a yield of 16.25%. The ex-dividend date of this dividend is Friday, May 3rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 21.73%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.