Foster & Motley Inc. Has $3.01 Million Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Foster & Motley Inc. decreased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,272 shares of the oil and gas exploration company’s stock after selling 2,347 shares during the quarter. Foster & Motley Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $3,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PBR. Moneda S.A. Administradora General de Fondos grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 72.0% in the 4th quarter. Moneda S.A. Administradora General de Fondos now owns 3,186,609 shares of the oil and gas exploration company’s stock valued at $50,890,000 after acquiring an additional 1,334,225 shares in the last quarter. Rakuten Securities Inc. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $598,000. Aurora Private Wealth Inc. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 4th quarter valued at about $204,000. Beverly Hills Private Wealth LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 19.3% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 17,212 shares of the oil and gas exploration company’s stock valued at $275,000 after acquiring an additional 2,789 shares in the last quarter. Finally, NewEdge Wealth LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 62.0% in the 4th quarter. NewEdge Wealth LLC now owns 78,184 shares of the oil and gas exploration company’s stock valued at $1,249,000 after acquiring an additional 29,936 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.8 %

NYSE PBR opened at $16.81 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $10.01 and a 1-year high of $17.91. The company has a 50 day moving average of $15.97 and a 200-day moving average of $15.85.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a net margin of 24.30% and a return on equity of 34.44%. The company had revenue of $27.11 billion during the quarter, compared to the consensus estimate of $26.45 billion. As a group, equities research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.51 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Monday, April 29th will be given a $0.2084 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.96%. Petróleo Brasileiro S.A. – Petrobras’s payout ratio is 9.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PBR. Morgan Stanley cut Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $20.00 to $18.00 in a report on Monday, March 11th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Monday, March 25th. UBS Group raised their price objective on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Bank of America cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Friday, March 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy 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 $16.76.

Petróleo Brasileiro S.A. – Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.