TD Waterhouse Canada Inc. Increases Stock Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

TD Waterhouse Canada Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 358.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,483 shares of the oil and gas exploration company’s stock after purchasing an additional 31,654 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PBR. Timothy G. Youngquist 2020 Irrevocable Trust acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at about $1,027,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth approximately $12,175,000. The Manufacturers Life Insurance Company purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $2,074,000. Independent Financial Group LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at approximately $1,832,000. Finally, Wealth High Governance Capital Ltda acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $1,453,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PBR. JPMorgan Chase & Co. increased their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Friday, August 7th. Finally, Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.48.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Petroleo Brasileiro S.A.- Petrobras stock opened at $21.38 on Friday. The firm has a market capitalization of $137.79 billion, a PE ratio of 5.40, a price-to-earnings-growth ratio of 0.82 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24. The stock’s 50 day moving average price is $18.55 and its 200 day moving average price is $18.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, August 25th will be paid a $0.2649 dividend. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 10.86%.

Petroleo Brasileiro S.A.- Petrobras Profile

Petroleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. The company also produces and sells fuels, lubricants, petrochemical products and other petroleum-derived products.

Petrobras is particularly known for its deepwater and ultra-deepwater operations, including large-scale development of Brazil’s offshore pre-salt oil fields.