Petroleo Brasileiro S.A.- Petrobras $PBR Stake Trimmed by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD reduced its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 10.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,072,839 shares of the oil and gas exploration company’s stock after selling 904,379 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises 3.6% of Mondrian Investment Partners LTD’s investment portfolio, making the stock its 10th biggest position. Mondrian Investment Partners LTD’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $168,480,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Evergreen Capital Management LLC raised its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 2.0% in the 3rd quarter. Evergreen Capital Management LLC now owns 62,462 shares of the oil and gas exploration company’s stock worth $1,309,000 after purchasing an additional 1,247 shares during the period. RWC Asset Management LLP grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 14.6% during the third quarter. RWC Asset Management LLP now owns 3,014,940 shares of the oil and gas exploration company’s stock valued at $62,922,000 after purchasing an additional 384,816 shares during the period. RWC Asset Advisors US LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 17.7% during the third quarter. RWC Asset Advisors US LLC now owns 4,409,205 shares of the oil and gas exploration company’s stock valued at $92,020,000 after purchasing an additional 662,712 shares during the period. Inspire Investing LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 31.4% during the third quarter. Inspire Investing LLC now owns 6,466 shares of the oil and gas exploration company’s stock valued at $135,000 after purchasing an additional 1,544 shares during the period. Finally, BIP Wealth LLC purchased a new stake in Petroleo Brasileiro S.A.- Petrobras in the third quarter worth $225,000.

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

Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $26.18 on Friday. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month 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 2.34 and a beta of 0.29. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company’s 50-day moving average price is $21.65 and its 200-day moving average price is $19.84.

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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 paid a dividend of $0.2649 per share. The ex-dividend date of this dividend is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 10.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PBR. 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. JPMorgan Chase & Co. upped their price target on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. UBS Group increased their price target on Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Finally, Wall Street Zen lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 11th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.