Shrier Wealth Management LLC Takes Position in Petroleo Brasileiro S.A.- Petrobras $PBR

Shrier Wealth Management LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 48,104 shares of the oil and gas exploration company’s stock, valued at approximately $570,000.

A number of other institutional investors have also made changes to their positions in the business. New York State Common Retirement Fund boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 20.9% during the 3rd quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock worth $34,213,000 after buying an additional 467,737 shares during the period. ARGA Investment Management LP raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 70.4% in the 3rd quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock valued at $238,118,000 after acquiring an additional 7,772,595 shares during the period. J. Safra Sarasin Holding AG bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $1,342,000. North of South Capital LLP lifted its position in Petroleo Brasileiro S.A.- Petrobras by 150.9% during the third quarter. North of South Capital LLP now owns 285,373 shares of the oil and gas exploration company’s stock worth $3,613,000 after acquiring an additional 171,649 shares during the last quarter. Finally, Annex Advisory Services LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 7.4% during the third quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock worth $25,247,000 after acquiring an additional 137,370 shares during the period.

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

PBR opened at $20.72 on Wednesday. The stock has a market capitalization of $133.50 billion, a price-to-earnings ratio of 6.81, a P/E/G ratio of 0.21 and a beta of 0.51. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $21.40. The company has a 50-day simple moving average of $16.91 and a 200 day simple moving average of $13.92.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 22.01% and a return on equity of 24.26%. The company had revenue of $23.61 billion during the quarter. Analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be given a dividend of $0.1191 per share. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 11.51%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. UBS Group increased their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. The Goldman Sachs Group upped their price objective on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, Jefferies Financial Group downgraded 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. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.20.

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.