Todd Asset Management LLC Has $36.26 Million Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Todd Asset Management LLC cut its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,059,639 shares of the oil and gas exploration company’s stock after selling 77,457 shares during the quarter. Todd Asset Management LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $36,257,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GHP Investment Advisors Inc. acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth $26,000. Geneos Wealth Management Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% during the second 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 during the period. Bayforest Capital Ltd acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the fourth quarter worth $39,000. BNP Paribas increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 241.9% during the third quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock worth $54,000 after buying an additional 3,000 shares during the period. Finally, New Millennium Group LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the third quarter worth $59,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PBR. Jefferies Financial Group cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Wall Street Zen upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.70 to $24.80 in a research report on Friday, April 17th. Zacks Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Buy” and a consensus target price of $18.35.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.1%

Shares of NYSE PBR opened at $19.93 on Monday. The firm has a market cap of $128.40 billion, a PE ratio of 6.47, a P/E/G ratio of 0.79 and a beta of 0.38. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.03 and a 12-month high of $22.24. The company’s fifty day simple moving average is $20.45 and its 200 day simple moving average is $16.07. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The business had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. As a group, sell-side analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a dividend of $0.1426 per share. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is currently 10.71%.

About Petroleo Brasileiro S.A.- Petrobras

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.