Maven Securities LTD Buys Shares of 54,818 Petroleo Brasileiro S.A.- Petrobras $PBR

Maven Securities LTD bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,818 shares of the oil and gas exploration company’s stock, valued at approximately $650,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hudson Portfolio Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 26.9% in the fourth quarter. Hudson Portfolio Management LLC now owns 39,650 shares of the oil and gas exploration company’s stock worth $470,000 after buying an additional 8,400 shares during the last quarter. Clear Street Group Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 4th quarter worth about $490,000. Parkside Financial Bank & Trust raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 264.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 4,544 shares of the oil and gas exploration company’s stock valued at $54,000 after acquiring an additional 3,296 shares in the last quarter. Absolute Gestao de Investimentos Ltda. acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at approximately $863,000. Finally, PCM Encore LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at approximately $237,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. JPMorgan Chase & Co. cut 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 report on Wednesday, June 3rd. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Finally, Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR stock opened at $17.33 on Tuesday. The business’s fifty day moving average is $20.02 and its 200-day moving average is $16.71. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The company has a market cap of $111.65 billion, a P/E ratio of 5.63, a price-to-earnings-growth ratio of 0.73 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.43 and a twelve month high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. Equities research analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

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

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.