PETROLEO BRASIL/ADR (NYSE:PBR) Holdings Increased by Lyxor Asset Management Inc.

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Lyxor Asset Management Inc. grew its position in shares of PETROLEO BRASIL/ADR (NYSE:PBR) by 47.1% during the second quarter, HoldingsChannel reports. The firm owned 82,831 shares of the oil and gas exploration company’s stock after buying an additional 26,519 shares during the period. PETROLEO BRASIL/ADR accounts for approximately 21.6% of Lyxor Asset Management Inc.’s holdings, making the stock its 3rd largest holding. Lyxor Asset Management Inc.’s holdings in PETROLEO BRASIL/ADR were worth $1,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Westwood Holdings Group Inc. bought a new stake in shares of PETROLEO BRASIL/ADR in the second quarter worth $133,000. UBS Oconnor LLC bought a new stake in shares of PETROLEO BRASIL/ADR in the second quarter worth $3,892,000. Marshall Wace North America L.P. increased its stake in shares of PETROLEO BRASIL/ADR by 104.8% in the second quarter. Marshall Wace North America L.P. now owns 1,742,823 shares of the oil and gas exploration company’s stock worth $27,136,000 after buying an additional 891,651 shares during the last quarter. Putnam Investments LLC increased its stake in shares of PETROLEO BRASIL/ADR by 17.3% in the second quarter. Putnam Investments LLC now owns 927,152 shares of the oil and gas exploration company’s stock worth $14,435,000 after buying an additional 136,550 shares during the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of PETROLEO BRASIL/ADR by 28.6% in the second quarter. Private Advisor Group LLC now owns 18,054 shares of the oil and gas exploration company’s stock worth $281,000 after buying an additional 4,019 shares during the last quarter. Institutional investors own 7.66% of the company’s stock.

PBR has been the subject of a number of research reports. ValuEngine raised shares of PETROLEO BRASIL/ADR from a “sell” rating to a “hold” rating in a report on Monday, September 16th. Goldman Sachs Group initiated coverage on shares of PETROLEO BRASIL/ADR in a report on Thursday, July 11th. They issued a “buy” rating for the company. Bank of America initiated coverage on shares of PETROLEO BRASIL/ADR in a report on Wednesday, July 3rd. They issued a “buy” rating and a $21.00 price objective for the company. Finally, Citigroup reaffirmed a “buy” rating and issued a $23.00 price objective (up previously from $20.20) on shares of PETROLEO BRASIL/ADR in a report on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. PETROLEO BRASIL/ADR presently has a consensus rating of “Buy” and an average target price of $20.00.

PETROLEO BRASIL/ADR stock opened at $14.54 on Friday. The company has a market cap of $95.36 billion, a PE ratio of 10.17 and a beta of 1.46. The company has a fifty day moving average price of $13.98 and a two-hundred day moving average price of $15.12. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.31 and a quick ratio of 1.06. PETROLEO BRASIL/ADR has a 12 month low of $11.10 and a 12 month high of $17.90.

PETROLEO BRASIL/ADR (NYSE:PBR) last released its quarterly earnings data on Monday, August 5th. The oil and gas exploration company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.38. The firm had revenue of $18.50 billion during the quarter, compared to the consensus estimate of $22.35 billion. PETROLEO BRASIL/ADR had a net margin of 9.12% and a return on equity of 12.74%. Equities research analysts anticipate that PETROLEO BRASIL/ADR will post 1.23 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, August 14th will be issued a $0.077 dividend. This represents a $0.31 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Tuesday, August 13th. PETROLEO BRASIL/ADR’s dividend payout ratio is presently 21.68%.

About PETROLEO BRASIL/ADR

PetrĂ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It 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.

Further Reading: What is a good rate of return for a mutual fund?

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Institutional Ownership by Quarter for PETROLEO BRASIL/ADR (NYSE:PBR)

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