RWC Asset Management LLP Sells 1,035,240 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

RWC Asset Management LLP lowered its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 52.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 924,327 shares of the oil and gas exploration company’s stock after selling 1,035,240 shares during the period. RWC Asset Management LLP’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $11,702,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 55.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 11,680 shares during the period. Focus Partners Wealth boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after purchasing an additional 1,356 shares during the period. Strs Ohio bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $537,000. Wesbanco Bank Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at about $140,000. Finally, Krilogy Financial LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 8.8% during the 2nd quarter. Krilogy Financial LLC now owns 19,815 shares of the oil and gas exploration company’s stock valued at $248,000 after purchasing an additional 1,600 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 18th. Finally, Wall Street Zen lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.90.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.0%

NYSE:PBR opened at $11.89 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.82 and a quick ratio of 0.57. The firm’s 50-day moving average price is $12.28 and its 200-day moving average price is $12.35. The company has a market capitalization of $76.59 billion, a PE ratio of 5.50, a P/E/G ratio of 0.25 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a net margin of 16.15% and a return on equity of 23.32%. On average, equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be issued a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 21.76%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.