Petroleo Brasileiro S.A.- Petrobras $PBR Stock: RWC Asset Advisors US LLC Boosts Position

RWC Asset Advisors US LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 17.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,409,205 shares of the oil and gas exploration company’s stock after purchasing an additional 662,712 shares during the period. Petroleo Brasileiro S.A.- Petrobras accounts for approximately 24.4% of RWC Asset Advisors US LLC’s portfolio, making the stock its largest holding. RWC Asset Advisors US LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $92,020,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Inspire Investing LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 31.4% during the 3rd quarter. Inspire Investing LLC now owns 6,466 shares of the oil and gas exploration company’s stock valued at $135,000 after buying an additional 1,544 shares during the last quarter. BIP Wealth LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter worth about $225,000. Kapitalo Investimentos Ltda bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $1,206,000. Net Worth Advisory Group raised its stake in Petroleo Brasileiro S.A.- Petrobras by 21.1% in the 3rd quarter. Net Worth Advisory Group now owns 17,543 shares of the oil and gas exploration company’s stock valued at $368,000 after acquiring an additional 3,055 shares during the period. Finally, Drum Hill Capital LLC raised its stake in Petroleo Brasileiro S.A.- Petrobras by 0.8% in the 3rd quarter. Drum Hill Capital LLC now owns 133,322 shares of the oil and gas exploration company’s stock valued at $2,782,000 after acquiring an additional 1,038 shares during the period.

Petroleo Brasileiro S.A.- Petrobras Trading Up 2.2%

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded up $0.56 during trading on Friday, reaching $26.18. The company’s stock had a trading volume of 25,119,756 shares, compared to its average volume of 23,616,078. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.43 and a 52-week high of $26.39. The company has a market cap of $168.70 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 2.29 and a beta of 0.29. The firm’s 50-day moving average is $21.65 and its two-hundred day moving average is $19.84. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

Wall Street Analyst Weigh In

PBR has been the subject of several research reports. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen cut Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. JPMorgan Chase & Co. upped their price objective on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. UBS Group increased their price objective on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, September 23rd. Finally, Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research report on Monday, August 31st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras has a consensus rating of “Moderate Buy” and a consensus price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA — Petrobras is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. Founded in 1953, the company plays a central role in Brazil’s energy sector and is headquartered in Rio de Janeiro.

Petrobras produces crude oil and natural gas, with a major focus on Brazil’s deepwater and pre-salt offshore fields. Its operations also include refining and selling petroleum products such as gasoline, diesel, aviation fuel, liquefied petroleum gas and other petrochemicals.