99,325 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Acquired by MONECO Advisors LLC

MONECO Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, Holdings Channel.com reports. The fund bought 99,325 shares of the oil and gas exploration company’s stock, valued at approximately $1,586,000.

Several other large investors have also recently bought and sold shares of the company. Norden Group LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 75.0% in the fourth quarter. Norden Group LLC now owns 82,051 shares of the oil and gas exploration company’s stock valued at $1,310,000 after purchasing an additional 35,175 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 7.3% in the fourth quarter. Kestra Private Wealth Services LLC now owns 22,134 shares of the oil and gas exploration company’s stock valued at $353,000 after purchasing an additional 1,499 shares in the last quarter. Paradiem LLC increased its stake in Petróleo Brasileiro S.A. – Petrobras by 22.7% in the fourth quarter. Paradiem LLC now owns 467,877 shares of the oil and gas exploration company’s stock valued at $7,472,000 after purchasing an additional 86,673 shares in the last quarter. RWC Asset Management LLP increased its stake in Petróleo Brasileiro S.A. – Petrobras by 19.7% in the fourth quarter. RWC Asset Management LLP now owns 2,570,596 shares of the oil and gas exploration company’s stock valued at $41,052,000 after purchasing an additional 422,920 shares in the last quarter. Finally, RWC Asset Advisors US LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 20.2% in the fourth quarter. RWC Asset Advisors US LLC now owns 6,811,783 shares of the oil and gas exploration company’s stock valued at $108,784,000 after buying an additional 1,145,021 shares during the period.

Analysts Set New Price Targets

PBR has been the subject of several research analyst reports. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Monday, March 25th. Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, March 8th. UBS Group upped their price target on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, March 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.76.

Petróleo Brasileiro S.A. – Petrobras Trading Down 2.0 %

PBR stock traded down $0.35 during trading hours on Tuesday, reaching $16.98. The stock had a trading volume of 19,641,959 shares, compared to its average volume of 19,636,191. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. The stock has a 50-day simple moving average of $15.93 and a 200 day simple moving average of $15.92. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $10.01 and a fifty-two week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. The firm had revenue of $27.11 billion during the quarter, compared to analysts’ expectations 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 research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.52 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently declared a Variable dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, May 6th will be paid a $0.3406 dividend. This represents a yield of 16.25%. The ex-dividend date is Friday, May 3rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 21.20%.

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.