Petroleo Brasileiro S.A.- Petrobras $PBR Stock Sold by Venture Visionary Partners LLC

Venture Visionary Partners LLC reduced its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 9.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 257,737 shares of the oil and gas exploration company’s stock after selling 27,258 shares during the quarter. Venture Visionary Partners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $5,379,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $31,000. Ascentis Independent Advisors acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $51,000. Harbor Investment Advisory LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter worth approximately $54,000. Vestor Capital LLC acquired a new stake in Petroleo Brasileiro S.A.- Petrobras during the 1st quarter valued at approximately $119,000. Finally, Inspire Investing LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.8% in the 1st quarter. Inspire Investing LLC now owns 7,062 shares of the oil and gas exploration company’s stock valued at $147,000 after acquiring an additional 574 shares during the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR traded up $0.20 during mid-day trading on Wednesday, hitting $24.00. 30,323,007 shares of the company were exchanged, compared to its average volume of 22,888,543. The stock has a market cap of $154.70 billion, a price-to-earnings ratio of 6.06, a price-to-earnings-growth ratio of 0.95 and a beta of 0.29. The company has a 50 day moving average of $19.94 and a 200-day moving average of $19.38. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.43 and a 1-year high of $24.76. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, August 25th will be given a dividend of $0.2649 per share. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 10.86%.

Analyst Ratings Changes

PBR has been the topic of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Finally, UBS Group boosted their price objective on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, September 23rd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Moderate Buy” and an average target price of $21.16.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company headquartered in Rio de Janeiro. Founded in 1953, the company is engaged primarily in the exploration, development, production, refining, transportation and marketing of oil and natural gas.

Petrobras has a major focus on offshore operations, particularly the development of Brazil’s pre-salt oil fields in the Santos and Campos basins. Its activities also include the processing and sale of petroleum products, natural gas and biofuels, as well as participation in power generation and other energy-related businesses.

The company serves the Brazilian market through its production, refining, logistics and distribution activities and has historically maintained international operations and partnerships.