Capital International Inc. CA Has $12.25 Million Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Capital International Inc. CA lifted its holdings in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBRFree Report) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 967,888 shares of the oil and gas exploration company’s stock after purchasing an additional 80,262 shares during the quarter. Capital International Inc. CA’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $12,253,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Financial Gravity Companies Inc. bought a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $26,000. Geneos Wealth Management Inc. lifted its position in Petroleo Brasileiro S.A.- Petrobras by 74.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company’s stock worth $30,000 after buying an additional 1,044 shares in the last quarter. New Millennium Group LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter worth about $59,000. Activest Wealth Management boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 78.5% during the 3rd quarter. Activest Wealth Management now owns 6,864 shares of the oil and gas exploration company’s stock worth $87,000 after buying an additional 3,018 shares during the last quarter. Finally, Westfuller Advisors LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $90,000.

Key Stories Impacting Petroleo Brasileiro S.A.- Petrobras

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $17.99 on Wednesday. The firm has a 50-day moving average of $14.65 and a 200-day moving average of $13.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.57 and a current ratio of 0.71. The stock has a market cap of $115.90 billion, a PE ratio of 5.92, a P/E/G ratio of 0.30 and a beta of 0.51. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $18.56.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be issued a $0.1191 dividend. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 13.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. UBS Group upped their price objective on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.97.

Read Our Latest Stock Analysis on PBR

Petroleo Brasileiro S.A.- Petrobras Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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