Evergreen Quality Fund GP Ltd. Invests $5.60 Million in Petroleo Brasileiro S.A.- Petrobras $PBR

Evergreen Quality Fund GP Ltd. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 472,600 shares of the oil and gas exploration company’s stock, valued at approximately $5,600,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Petroleo Brasileiro S.A.- Petrobras by 55.2% in the first 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 period. Focus Partners Wealth boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first 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 period. Cresset Asset Management LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 55.9% in the second quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock valued at $201,000 after buying an additional 5,624 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 797.8% in 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 in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 35.0% in the 2nd quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock valued at $674,000 after buying an additional 13,988 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Down 1.4%

PBR opened at $16.81 on Thursday. The business has a fifty day moving average price of $19.87 and a 200 day moving average price of $16.77. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.43 and a 12 month high of $22.24. The stock has a market capitalization of $108.33 billion, a price-to-earnings ratio of 5.46, a PEG ratio of 0.68 and a beta of 0.32.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be issued 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%.

Analysts Set New Price Targets

PBR has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. 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 company from $20.30 to $19.00 in a research note on Friday, March 13th. Finally, Zacks Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.28.

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.