Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Purchased by MAS Advisors LLC

MAS Advisors LLC lifted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,108 shares of the oil and gas exploration company’s stock after buying an additional 720 shares during the period. MAS Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $219,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PBR. Avantax Advisory Services Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 9.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 31,392 shares of the oil and gas exploration company’s stock valued at $501,000 after buying an additional 2,650 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 16.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 13,892 shares of the oil and gas exploration company’s stock worth $222,000 after buying an additional 1,979 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $365,000. Assetmark Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 7.6% in the 4th quarter. Assetmark Inc. now owns 532,179 shares of the oil and gas exploration company’s stock worth $8,499,000 after acquiring an additional 37,724 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $706,000.

Wall Street Analysts Forecast Growth

PBR has been the subject of several research reports. The Goldman Sachs Group decreased 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 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 raised their price objective for the company from $18.00 to $20.00 in a research report on Monday, August 26th. UBS Group decreased their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Finally, Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.80 to $17.90 in a report on Thursday, June 27th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.07.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of PBR opened at $14.65 on Friday. The company has a market capitalization of $95.52 billion, a PE ratio of 4.26, a price-to-earnings-growth ratio of 0.17 and a beta of 1.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.90 and a quick ratio of 0.67. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.90 and a one year high of $17.91. The company’s fifty day moving average price is $14.70 and its 200 day moving average price is $15.14.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a net margin of 16.17% and a return on equity of 28.42%. The company had revenue of $23.47 billion for the quarter, compared to analyst estimates of $24.22 billion. As a group, analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.14 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

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