Fiera Capital Corp Boosts Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Fiera Capital Corp lifted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 59.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,109 shares of the oil and gas exploration company’s stock after purchasing an additional 37,475 shares during the quarter. Fiera Capital Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock valued at $27,000 after acquiring an additional 1,468 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $30,000. ORG Partners LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 396.0% in the 3rd quarter. ORG Partners LLC now owns 2,103 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,679 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $32,000. Finally, Bogart Wealth LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 2,000 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.5 %

Shares of NYSE:PBR opened at $13.68 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.90 and a debt-to-equity ratio of 0.70. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.90 and a 1 year high of $17.91. The stock’s fifty day moving average price is $14.38 and its 200-day moving average price is $14.84.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $23.47 billion during the quarter, compared to analyst estimates of $24.22 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. As a group, research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 2.43 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently declared a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.165 per share. This represents a dividend yield of 15.4%. The ex-dividend date of this dividend is Friday, August 23rd. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is presently 34.68%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PBR shares. JPMorgan Chase & Co. upgraded Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $16.50 to $19.00 in a report on Wednesday, September 25th. HSBC lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, October 21st. UBS Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating for the company in a research report on Monday, August 19th. Hsbc Global Res lowered Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, The Goldman Sachs Group decreased their target price on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.20.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.