Todd Asset Management LLC Buys 147,650 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Todd Asset Management LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 4.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,137,096 shares of the oil and gas exploration company’s stock after buying an additional 147,650 shares during the period. Todd Asset Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $39,716,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after acquiring an additional 11,680 shares during the period. Focus Partners Wealth boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after purchasing an additional 1,356 shares in the last quarter. Stratos Wealth Advisors LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth $130,000. TrueMark Investments LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 18.3% in the 2nd quarter. TrueMark Investments LLC now owns 221,000 shares of the oil and gas exploration company’s stock valued at $2,765,000 after buying an additional 34,224 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in Petroleo Brasileiro S.A.- Petrobras by 11.5% during the 2nd quarter. Whittier Trust Co. now owns 91,382 shares of the oil and gas exploration company’s stock worth $1,143,000 after buying an additional 9,436 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $15.19 on Monday. The stock has a market cap of $97.86 billion, a PE ratio of 7.03, a P/E/G ratio of 0.30 and a beta of 0.49. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.57 and a current ratio of 0.82. The firm has a 50-day moving average of $13.07 and a 200-day moving average of $12.65. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $16.02.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, December 26th will be given a $0.0658 dividend. The ex-dividend date of this dividend is Friday, December 26th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is presently 21.76%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on PBR shares. UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Finally, The Goldman Sachs Group lifted their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.98.

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.