TrueMark Investments LLC Purchases 37,944 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

TrueMark Investments LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 291,680 shares of the oil and gas exploration company’s stock after acquiring an additional 37,944 shares during the period. TrueMark Investments LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PBR. Insigneo Advisory Services LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 0.4% in the third quarter. Insigneo Advisory Services LLC now owns 210,974 shares of the oil and gas exploration company’s stock worth $2,671,000 after purchasing an additional 780 shares during the last quarter. Drum Hill Capital LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 0.7% during the 3rd quarter. Drum Hill Capital LLC now owns 132,914 shares of the oil and gas exploration company’s stock valued at $1,683,000 after purchasing an additional 866 shares during the last quarter. World Investment Advisors lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 6.7% during the 3rd quarter. World Investment Advisors now owns 15,322 shares of the oil and gas exploration company’s stock valued at $194,000 after purchasing an additional 961 shares during the last quarter. Avestar Capital LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 3.1% in the 2nd quarter. Avestar Capital LLC now owns 33,045 shares of the oil and gas exploration company’s stock worth $413,000 after purchasing an additional 1,003 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 74.9% in 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 purchasing an additional 1,044 shares in the last quarter.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of PBR opened at $20.77 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.71 and a quick ratio of 0.48. The company’s fifty day moving average price is $16.59 and its 200-day moving average price is $13.80. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $20.79. The firm has a market capitalization of $133.82 billion, a PE ratio of 6.83, a price-to-earnings-growth ratio of 0.21 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last issued its earnings results on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share (EPS) for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%.The company had revenue of $23.61 billion during the quarter. On average, equities research analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 2.14 EPS for the current year.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, April 24th will be paid a $0.1191 dividend. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is presently 11.51%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PBR. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research report on Monday, December 29th. UBS Group raised their price target on 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. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. The Goldman Sachs Group upped their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Hold” and an average price target of $16.20.

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.