IPG Investment Advisors LLC Has $4.93 Million Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

IPG Investment Advisors LLC lowered its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRFree Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 298,360 shares of the oil and gas exploration company’s stock after selling 1,100 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up approximately 1.0% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 29th largest position. IPG Investment Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $4,928,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Raymond James & Associates grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 20.3% during the third quarter. Raymond James & Associates now owns 76,011 shares of the oil and gas exploration company’s stock worth $1,139,000 after purchasing an additional 12,846 shares during the period. Bank of New York Mellon Corp grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 11.6% during the third quarter. Bank of New York Mellon Corp now owns 59,081 shares of the oil and gas exploration company’s stock worth $886,000 after purchasing an additional 6,129 shares during the period. M&T Bank Corp grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 13.3% during the third quarter. M&T Bank Corp now owns 25,430 shares of the oil and gas exploration company’s stock worth $381,000 after purchasing an additional 2,989 shares during the period. Private Advisor Group LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.6% during the third quarter. Private Advisor Group LLC now owns 127,064 shares of the oil and gas exploration company’s stock worth $1,905,000 after purchasing an additional 6,727 shares during the period. Finally, Fox Run Management L.L.C. grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 89.3% during the third quarter. Fox Run Management L.L.C. now owns 39,520 shares of the oil and gas exploration company’s stock worth $592,000 after purchasing an additional 18,640 shares during the period.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley cut Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Monday, March 11th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, March 25th. UBS Group boosted their price objective on 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. Jefferies Financial Group cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $21.20 to $17.70 in a report on Wednesday, May 15th. Finally, Bank of America cut 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 report on Friday, March 8th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.33.

View Our Latest Stock Report on PBR

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.5 %

Shares of PBR stock traded down $0.07 during trading on Monday, hitting $14.82. The company had a trading volume of 11,539,600 shares, compared to its average volume of 19,871,387. The company has a current ratio of 1.08, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average price is $15.87 and its 200 day moving average price is $16.00. Petróleo Brasileiro S.A. – Petrobras has a one year low of $11.47 and a one year high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Free Report) last issued its quarterly earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.09). Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. The company had revenue of $23.77 billion during the quarter, compared to the consensus estimate of $24.63 billion. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.57 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.0288 per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 24.42%.

Petróleo Brasileiro S.A. – Petrobras Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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