Cambridge Investment Research Advisors Inc. Decreases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Cambridge Investment Research Advisors Inc. cut its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Get Rating) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 78,128 shares of the oil and gas exploration company’s stock after selling 4,215 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $832,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Raymond James & Associates increased its stake in Petróleo Brasileiro S.A. – Petrobras by 58.3% during the first quarter. Raymond James & Associates now owns 142,949 shares of the oil and gas exploration company’s stock worth $2,116,000 after acquiring an additional 52,626 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 117.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 48,997 shares of the oil and gas exploration company’s stock valued at $725,000 after buying an additional 26,512 shares during the period. Private Advisor Group LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the first quarter worth $320,000. Allianz Asset Management GmbH purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter worth $11,529,000. Finally, Mackenzie Financial Corp bought a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter valued at $1,036,000. Institutional investors own 12.29% of the company’s stock.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $11.71 on Monday. The company has a quick ratio of 0.72, a current ratio of 1.22 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $10.94 and its two-hundred day moving average is $11.00. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $8.88 and a 52 week high of $16.32. The company has a market capitalization of $76.37 billion, a PE ratio of 2.17 and a beta of 1.37.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Get Rating) last posted its quarterly earnings results on Thursday, March 2nd. The oil and gas exploration company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.15. The firm had revenue of $30.17 billion for the quarter, compared to analysts’ expectations of $31.03 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 28.50% and a return on equity of 44.84%. As a group, analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.38 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 1st will be given a dividend of $0.551 per share. The ex-dividend date of this dividend is Friday, April 28th. This is a positive change from Petróleo Brasileiro S.A. – Petrobras’s previous dividend of $0.09. This represents a dividend yield of 38.26%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 46.11%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Petróleo Brasileiro S.A. – Petrobras in a report on Thursday. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $14.00.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production.