Fiera Capital Corp Acquires 37,475 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Fiera Capital Corp lifted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 59.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 100,109 shares of the oil and gas exploration company’s stock after buying an additional 37,475 shares during the period. Fiera Capital Corp’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Mondrian Investment Partners LTD lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 23.0% in the 2nd quarter. Mondrian Investment Partners LTD now owns 10,099,766 shares of the oil and gas exploration company’s stock worth $144,124,000 after purchasing an additional 1,889,313 shares during the period. Encompass Capital Advisors LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $73,174,000. Victory Capital Management Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras by 38.4% during the 2nd quarter. Victory Capital Management Inc. now owns 3,745,895 shares of the oil and gas exploration company’s stock worth $54,278,000 after acquiring an additional 1,039,700 shares during the period. Earnest Partners LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 4.8% during the 1st quarter. Earnest Partners LLC now owns 3,276,414 shares of the oil and gas exploration company’s stock worth $49,834,000 after acquiring an additional 151,056 shares during the period. Finally, Perpetual Ltd raised its stake in Petróleo Brasileiro S.A. – Petrobras by 0.9% during the 3rd quarter. Perpetual Ltd now owns 3,152,289 shares of the oil and gas exploration company’s stock worth $45,424,000 after acquiring an additional 29,267 shares during the period.

Analyst Ratings Changes

PBR has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $16.50 to $19.00 in a research note on Wednesday, September 25th. The Goldman Sachs Group decreased their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. HSBC cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Hsbc Global Res cut shares of Petróleo Brasileiro S.A. – Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 21st. Finally, UBS Group reduced their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $19.40 to $18.10 and set a “buy” rating on the stock in a research report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.20.

Petróleo Brasileiro S.A. – Petrobras Stock Up 1.5 %

NYSE:PBR opened at $13.68 on Friday. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.90 and a twelve month high of $17.91. The stock has a fifty day simple moving average of $14.38 and a 200-day simple moving average of $14.84. The company has a current ratio of 0.90, a quick ratio of 0.67 and a debt-to-equity ratio of 0.70.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Thursday, August 8th. The oil and gas exploration company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 28.42% and a net margin of 16.17%. The business had revenue of $23.47 billion during the quarter, compared to the consensus estimate of $24.22 billion. Research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 2.43 EPS for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.165 per share. This represents a dividend yield of 15.4%. This is an increase from Petróleo Brasileiro S.A. – Petrobras’s previous Variable dividend of $0.03. The ex-dividend date of this dividend is Friday, August 23rd. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 34.68%.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.