Mitsubishi UFJ Trust & Banking Corp Lowers Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 23.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 510,314 shares of the oil and gas exploration company’s stock after selling 156,652 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $6,461,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in Petroleo Brasileiro S.A.- Petrobras by 6.9% in the 2nd quarter. New York State Common Retirement Fund now owns 2,234,730 shares of the oil and gas exploration company’s stock valued at $27,956,000 after acquiring an additional 143,767 shares during the period. Morningstar Investment Management LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 23.8% during the second quarter. Morningstar Investment Management LLC now owns 298,508 shares of the oil and gas exploration company’s stock worth $3,734,000 after acquiring an additional 57,437 shares during the period. Annex Advisory Services LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 7.4% during the third quarter. Annex Advisory Services LLC now owns 1,994,268 shares of the oil and gas exploration company’s stock valued at $25,247,000 after purchasing an additional 137,370 shares in the last quarter. North of South Capital LLP lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 150.9% during the third quarter. North of South Capital LLP now owns 285,373 shares of the oil and gas exploration company’s stock valued at $3,613,000 after purchasing an additional 171,649 shares in the last quarter. Finally, Ping Capital Management Inc. grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 179.8% in the second quarter. Ping Capital Management Inc. now owns 235,000 shares of the oil and gas exploration company’s stock valued at $2,940,000 after purchasing an additional 151,000 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $15.53 on Friday. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.03 and a 1 year high of $15.94. 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 has a market capitalization of $100.05 billion, a PE ratio of 7.19, a price-to-earnings-growth ratio of 0.32 and a beta of 0.51. The business has a 50 day simple moving average of $12.51 and a 200-day simple moving average of $12.44.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.32% and a net margin of 16.15%. Equities research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, March 27th. Stockholders 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 payout ratio is presently 21.76%.

Analysts Set New Price Targets

Several research firms recently weighed in on PBR. Weiss Ratings restated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, UBS Group increased their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.97.

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.