Fox Run Management L.L.C. Purchases Shares of 51,924 Petroleo Brasileiro S.A.- Petrobras $PBR

Fox Run Management L.L.C. acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 51,924 shares of the oil and gas exploration company’s stock, valued at approximately $657,000.

Several other institutional investors have also bought and sold shares of PBR. ARGA Investment Management LP raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% in the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock valued at $238,118,000 after purchasing an additional 7,772,595 shares during the last quarter. Mondrian Investment Partners LTD bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth approximately $140,433,000. Perpetual Ltd increased its position in Petroleo Brasileiro S.A.- Petrobras by 1.0% in the third quarter. Perpetual Ltd now owns 3,295,157 shares of the oil and gas exploration company’s stock worth $41,717,000 after buying an additional 33,500 shares during the last quarter. Todd Asset Management LLC grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 4.9% during the 3rd quarter. Todd Asset Management LLC now owns 3,137,096 shares of the oil and gas exploration company’s stock worth $39,716,000 after acquiring an additional 147,650 shares during the period. Finally, ICICI Prudential Asset Management Co Ltd bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $35,144,000.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. UBS Group lifted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. The Goldman Sachs Group boosted their target price on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and an average price target of $14.98.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.1%

PBR opened at $16.62 on Friday. The business’s 50-day moving average price is $13.86 and its 200-day moving average price is $12.88. The company has a current ratio of 0.82, a quick ratio of 0.57 and a debt-to-equity ratio of 0.73. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $11.03 and a 12 month high of $16.92. The company has a market cap of $107.11 billion, a P/E ratio of 7.69, a P/E/G ratio of 0.29 and a beta of 0.49.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, December 26th will be given a dividend of $0.0658 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 18.52%.

About Petroleo Brasileiro S.A.- Petrobras

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.