Henry James International Management Inc. Has $1.91 Million Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Henry James International Management Inc. decreased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,305 shares of the oil and gas exploration company’s stock after selling 26,000 shares during the period. Henry James International Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,905,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $62,049,000. RWC Asset Advisors US LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 117.2% in the 3rd quarter. RWC Asset Advisors US LLC now owns 5,666,762 shares of the oil and gas exploration company’s stock valued at $84,945,000 after acquiring an additional 3,057,798 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $31,479,000. Moneda S.A. Administradora General de Fondos lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 72.0% during the fourth quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock worth $50,890,000 after purchasing an additional 1,334,225 shares during the period. Finally, RWC Asset Management LLP grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 79.9% in the third quarter. RWC Asset Management LLP now owns 2,147,676 shares of the oil and gas exploration company’s stock worth $32,194,000 after purchasing an additional 953,739 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 3.3 %

PBR traded down $0.56 during trading on Friday, hitting $16.43. The company’s stock had a trading volume of 26,048,446 shares, compared to its average volume of 20,169,522. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $10.03 and a twelve month high of $17.91. The stock’s fifty day moving average price is $15.88 and its 200-day moving average price is $15.95. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. The company had revenue of $27.11 billion for 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%. As a group, sell-side analysts predict that Petróleo Brasileiro S.A. – Petrobras will post 3.6 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently announced a Variable dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, May 6th will be paid a $0.3406 dividend. The ex-dividend date is Friday, May 3rd. This represents a dividend yield of 16.25%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is presently 21.99%.

Analyst Ratings Changes

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

Petróleo Brasileiro S.A. – Petrobras Profile

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.