First Trust Advisors LP trimmed its holdings in PETROLEO BRASIL/ADR (NYSE:PBR) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 95,298 shares of the oil and gas exploration company’s stock after selling 3,416 shares during the period. First Trust Advisors LP’s holdings in PETROLEO BRASIL/ADR were worth $1,484,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of PBR. Advisory Services Network LLC raised its stake in PETROLEO BRASIL/ADR by 190.4% in the first quarter. Advisory Services Network LLC now owns 4,951 shares of the oil and gas exploration company’s stock valued at $79,000 after buying an additional 3,246 shares in the last quarter. OLD National Bancorp IN acquired a new stake in PETROLEO BRASIL/ADR in the first quarter valued at $167,000. Quantamental Technologies LLC acquired a new stake in PETROLEO BRASIL/ADR in the first quarter valued at $168,000. Gould Asset Management LLC CA raised its stake in PETROLEO BRASIL/ADR by 17.1% in the first quarter. Gould Asset Management LLC CA now owns 12,250 shares of the oil and gas exploration company’s stock valued at $195,000 after buying an additional 1,785 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC acquired a new stake in PETROLEO BRASIL/ADR in the second quarter valued at $201,000. Institutional investors own 7.61% of the company’s stock.
NYSE:PBR traded up $0.16 during mid-day trading on Friday, reaching $14.30. The stock had a trading volume of 11,106,084 shares, compared to its average volume of 15,230,488. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.06 and a current ratio of 1.31. PETROLEO BRASIL/ADR has a twelve month low of $10.31 and a twelve month high of $17.90. The firm has a market capitalization of $92.22 billion, a price-to-earnings ratio of 10.00 and a beta of 1.46. The business has a 50 day simple moving average of $14.23 and a 200 day simple moving average of $15.23.
PETROLEO BRASIL/ADR (NYSE:PBR) last issued its quarterly earnings data on Monday, August 5th. The oil and gas exploration company reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.38. PETROLEO BRASIL/ADR had a return on equity of 12.74% and a net margin of 9.12%. The firm had revenue of $18.50 billion during the quarter, compared to the consensus estimate of $22.35 billion. As a group, sell-side analysts expect that PETROLEO BRASIL/ADR will post 1.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.077 per share. The ex-dividend date is Tuesday, August 13th. This represents a $0.31 annualized dividend and a dividend yield of 2.15%. PETROLEO BRASIL/ADR’s dividend payout ratio is presently 21.68%.
A number of analysts have weighed in on PBR shares. Bank of America initiated coverage on PETROLEO BRASIL/ADR in a research note on Wednesday, July 3rd. They issued a “buy” rating and a $21.00 price target on the stock. Citigroup reaffirmed a “buy” rating and set a $23.00 price objective (up previously from $20.20) on shares of PETROLEO BRASIL/ADR in a report on Monday, July 8th. Goldman Sachs Group initiated coverage on PETROLEO BRASIL/ADR in a report on Thursday, July 11th. They set a “buy” rating on the stock. Finally, ValuEngine lowered PETROLEO BRASIL/ADR from a “hold” rating to a “sell” rating in a report on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $20.00.
PETROLEO BRASIL/ADR Profile
Petróleo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.
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