Aprio Wealth Management LLC Buys 1,345 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Aprio Wealth Management LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,013 shares of the oil and gas exploration company’s stock after purchasing an additional 1,345 shares during the quarter. Aprio Wealth Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $260,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 2.8% in the 2nd quarter. Mackenzie Financial Corp now owns 1,436,098 shares of the oil and gas exploration company’s stock valued at $20,809,000 after acquiring an additional 39,682 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Petróleo Brasileiro S.A. – Petrobras by 48.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 65,093 shares of the oil and gas exploration company’s stock valued at $990,000 after purchasing an additional 21,352 shares during the period. Diversified Trust Co grew its position in Petróleo Brasileiro S.A. – Petrobras by 127.1% in the 2nd quarter. Diversified Trust Co now owns 137,141 shares of the oil and gas exploration company’s stock valued at $1,987,000 after purchasing an additional 76,752 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Petróleo Brasileiro S.A. – Petrobras by 22.1% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 31,750 shares of the oil and gas exploration company’s stock valued at $483,000 after purchasing an additional 5,750 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at $2,988,000.

Analysts Set New Price Targets

Several research firms recently issued reports on PBR. The Goldman Sachs Group reduced their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Morgan Stanley raised shares of Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $18.00 to $20.00 in a research report on Monday, August 26th. Bank of America raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. UBS Group cut their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. raised shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Trading Down 2.7 %

NYSE PBR opened at $14.91 on Wednesday. The stock has a market capitalization of $97.24 billion, a price-to-earnings ratio of 4.33, a PEG ratio of 0.23 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.90 and a quick ratio of 0.67. The business’s fifty day moving average is $14.71 and its 200-day moving average is $15.10.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $23.47 billion for the quarter, compared to analysts’ expectations of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. Equities research analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 2.36 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.165 per share. This represents a dividend yield of 15.4%. This is a boost from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is presently 25.00%.

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.