WINTON GROUP Ltd Takes $1.02 Million Position in Petroleo Brasileiro S.A.- Petrobras $PBR

WINTON GROUP Ltd purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 86,000 shares of the oil and gas exploration company’s stock, valued at approximately $1,019,000.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at about $26,000. Clearstead Advisors LLC boosted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 273.4% during the 4th quarter. Clearstead Advisors LLC now owns 2,330 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 1,706 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in 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 valued at $30,000 after acquiring an additional 1,044 shares in the last quarter. Bayforest Capital Ltd acquired a new position in Petroleo Brasileiro S.A.- Petrobras in the 4th quarter valued at approximately $39,000. Finally, BNP Paribas raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 241.9% in the 3rd quarter. BNP Paribas now owns 4,240 shares of the oil and gas exploration company’s stock valued at $54,000 after acquiring an additional 3,000 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 28th. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and decreased their price target for the stock from $20.30 to $19.00 in a research report on Friday, March 13th. Wall Street Zen upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, JPMorgan Chase & Co. decreased their price target on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 3rd. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.2%

NYSE PBR opened at $17.79 on Wednesday. The firm has a market cap of $114.61 billion, a PE ratio of 5.77, a price-to-earnings-growth ratio of 0.71 and a beta of 0.32. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.32 and a one year high of $22.24. The stock’s 50 day simple moving average is $20.22 and its 200 day simple moving average is $16.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. The firm had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 23.65% and a net margin of 21.67%. 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 company also recently declared a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date of this dividend is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio (DPR) is currently 11.04%.

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.