DJE Kapital AG Makes New $65.43 Million Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

DJE Kapital AG bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,103,800 shares of the oil and gas exploration company’s stock, valued at approximately $65,428,000. Petroleo Brasileiro S.A.- Petrobras accounts for approximately 1.4% of DJE Kapital AG’s investment portfolio, making the stock its 22nd largest holding.

Other large investors also recently modified their holdings of the company. Moran Wealth Management LLC boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 18.0% during the 4th quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after purchasing an additional 81,567 shares during the period. ORG Partners LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 2,273.3% in the fourth quarter. ORG Partners LLC now owns 52,283 shares of the oil and gas exploration company’s stock valued at $619,000 after purchasing an additional 50,080 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $12,175,000. Provident Living Financial Services Inc. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter valued at approximately $1,047,000. Finally, Oxbow Advisors LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth approximately $4,955,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on PBR. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Finally, JPMorgan Chase & Co. decreased their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $18.18 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $17.98 and its two-hundred day moving average price is $17.55. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $22.24. The stock has a market cap of $117.19 billion, a PE ratio of 5.90, a price-to-earnings-growth ratio of 0.79 and a beta of 0.33.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. The company had revenue of $23.54 billion during the quarter. As a group, sell-side analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.28 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be issued a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.04%.

Petroleo Brasileiro S.A.- Petrobras 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.