Quantitative Investment Management LLC Purchases New Holdings in Petroleo Brasileiro S.A.- Petrobras $PBR

Quantitative Investment Management LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 316,988 shares of the oil and gas exploration company’s stock, valued at approximately $5,122,000.

Several other large investors also recently bought and sold shares of the company. Capital International Investors raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% in the fourth quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock valued at $363,052,000 after buying an additional 10,425,563 shares during the last quarter. Oaktree Capital Management LP acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $126,355,000. DJE Kapital AG purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $65,428,000. Public Employees Retirement System of Ohio purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter worth approximately $42,858,000. Finally, DNB Asset Management AS acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the fourth quarter valued at $21,778,000.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PBR. Weiss Ratings reissued a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, August 7th. JPMorgan Chase & Co. cut their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 3rd. Finally, Zacks Research lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

Shares of PBR opened at $18.52 on Monday. The stock has a 50-day simple moving average of $17.81 and a 200-day simple moving average of $18.57. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The stock has a market capitalization of $119.35 billion, a PE ratio of 4.68, a PEG ratio of 0.73 and a beta of 0.33. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

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

Petroleo Brasileiro S.A.- Petrobras Company 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.