26,210 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Acquired by Glenorchy Capital Ltd

Glenorchy Capital Ltd acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,210 shares of the oil and gas exploration company’s stock, valued at approximately $419,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Checchi Capital Advisers LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 2.7% in the third quarter. Checchi Capital Advisers LLC now owns 25,750 shares of the oil and gas exploration company’s stock valued at $386,000 after purchasing an additional 675 shares during the last quarter. Cerity Partners LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 7.4% during the 4th quarter. Cerity Partners LLC now owns 12,280 shares of the oil and gas exploration company’s stock worth $196,000 after buying an additional 848 shares during the period. Grey Street Capital LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.4% during the 4th quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock worth $439,000 after acquiring an additional 858 shares during the last quarter. Morningstar Investment Services LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 5.7% in the 3rd quarter. Morningstar Investment Services LLC now owns 22,867 shares of the oil and gas exploration company’s stock valued at $339,000 after acquiring an additional 1,238 shares during the period. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 19.8% during the third quarter. J.W. Cole Advisors Inc. now owns 12,207 shares of the oil and gas exploration company’s stock valued at $183,000 after acquiring an additional 2,014 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock traded up $0.01 during trading on Tuesday, reaching $16.95. The stock had a trading volume of 21,965,684 shares, compared to its average volume of 19,629,957. The stock’s 50 day moving average is $15.96 and its two-hundred day moving average is $15.87. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $10.01 and a 52 week high of $17.91. The company has a quick ratio of 0.73, a current ratio of 0.96 and a debt-to-equity ratio of 0.65.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $27.11 billion during the quarter, compared to analysts’ expectations of $26.45 billion. As a group, equities analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, April 29th will be given a dividend of $0.2084 per share. This represents a $0.83 annualized dividend and a yield of 4.92%. The ex-dividend date is Friday, April 26th. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is currently 9.95%.

Analysts Set New Price Targets

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

About Petróleo Brasileiro S.A. – Petrobras

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.