Oaktree Fund Advisors LLC Makes New $7.99 Million Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

Oaktree Fund Advisors LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 385,174 shares of the oil and gas exploration company’s stock, valued at approximately $7,992,000. Petroleo Brasileiro S.A.- Petrobras makes up 14.0% of Oaktree Fund Advisors LLC’s portfolio, making the stock its 2nd largest holding.

A number of other institutional investors have also recently made changes to their positions in PBR. Capital International Investors grew its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% during the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after acquiring an additional 10,425,563 shares during the period. ARGA Investment Management LP raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.9% in the 4th quarter. ARGA Investment Management LP now owns 18,975,177 shares of the oil and gas exploration company’s stock valued at $224,856,000 after acquiring an additional 166,472 shares during the period. Mondrian Investment Partners LTD raised its stake in Petroleo Brasileiro S.A.- Petrobras by 14.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock valued at $149,963,000 after acquiring an additional 1,562,473 shares during the period. Oaktree Capital Management LP purchased a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at about $126,355,000. Finally, Earnest Partners LLC lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 9.5% during the fourth quarter. Earnest Partners LLC now owns 5,335,330 shares of the oil and gas exploration company’s stock valued at $63,224,000 after purchasing an additional 462,889 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $19.09 on Friday. The stock has a 50-day moving average price of $17.74 and a 200-day moving average price of $17.93. The company has a market cap of $122.99 billion, a PE ratio of 6.20, a price-to-earnings-growth ratio of 0.82 and a beta of 0.33. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced 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 during 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, equities analysts forecast that Petroleo Brasileiro S.A.- Petrobras will post 4.28 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 given a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is 11.04%.

Wall Street Analyst Weigh In

Several research analysts recently commented on PBR shares. JPMorgan Chase & Co. cut their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a report on Wednesday, June 3rd. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Bank of America upgraded Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the company from $18.70 to $24.80 in a research report on Friday, April 17th. Finally, Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras 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.