Petróleo Brasileiro S.A. – Petrobras to Issue Dividend of $0.21 (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a dividend on Tuesday, April 16th, NASDAQ reports. Investors of record on Monday, April 29th will be given a dividend of 0.2084 per share by the oil and gas exploration company on Thursday, June 27th. The ex-dividend date is Friday, April 26th.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.1 %

PBR traded up $0.02 on Wednesday, reaching $15.67. 14,199,185 shares of the company’s stock were exchanged, compared to its average volume of 19,355,514. The company’s 50 day moving average is $16.05 and its 200-day moving average is $15.79. The company has a market cap of $102.20 billion, a price-to-earnings ratio of 4.10 and a beta of 1.46. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.01 and a twelve month high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96.

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 analysts’ consensus estimates of $1.12 by $0.15. The firm had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. Equities analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PBR. Raymond James & Associates grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 58.3% during the first quarter. Raymond James & Associates now owns 142,949 shares of the oil and gas exploration company’s stock worth $2,116,000 after acquiring an additional 52,626 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 117.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,997 shares of the oil and gas exploration company’s stock valued at $725,000 after purchasing an additional 26,512 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at $801,000. Private Advisor Group LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at $320,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 1st quarter valued at $11,529,000.

Analyst Ratings Changes

PBR has been the subject of several recent research reports. Bank of America downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research report on Friday, March 8th. UBS Group increased 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 cut Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $18.00 in a research note on Monday, March 11th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus 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.