Petroleo Brasileiro S.A.- Petrobras $PBR Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas lowered its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 21.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 314,235 shares of the oil and gas exploration company’s stock after selling 85,963 shares during the quarter. Employees Retirement System of Texas’ holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,931,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $144,000. Centric Wealth Management acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth about $384,000. Journey Strategic Wealth LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 78.9% in the 2nd quarter. Journey Strategic Wealth LLC now owns 73,492 shares of the oil and gas exploration company’s stock valued at $919,000 after buying an additional 32,422 shares in the last quarter. United Advisor Group LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 59.5% in the 2nd quarter. United Advisor Group LLC now owns 16,429 shares of the oil and gas exploration company’s stock worth $206,000 after buying an additional 6,127 shares during the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $439,000.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $12.67 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.47 and a current ratio of 0.72. The stock’s fifty day moving average is $12.39 and its two-hundred day moving average is $12.36. The firm has a market capitalization of $81.62 billion, a P/E ratio of 5.92 and a beta of 0.83. Petroleo Brasileiro S.A.- Petrobras has a fifty-two week low of $11.03 and a fifty-two week high of $14.98.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.79 by $0.03. The business had revenue of $23.48 billion for the quarter, compared to analyst estimates of $125.50 billion. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%. On average, research analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, December 26th will be paid a dividend of $0.1773 per share. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 32.41%.

Wall Street Analyst Weigh In

PBR has been the topic of several research reports. Zacks Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, October 8th. UBS Group decreased their price objective on Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and an average target price of $14.90.

Petroleo 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.