85,200 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Acquired by Radnor Capital Management LLC

Radnor Capital Management LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,200 shares of the oil and gas exploration company’s stock, valued at approximately $1,178,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 5.8% during the first quarter. Parallel Advisors LLC now owns 15,609 shares of the oil and gas exploration company’s stock worth $163,000 after purchasing an additional 859 shares during the period. Federated Hermes Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 34.3% during the first quarter. Federated Hermes Inc. now owns 3,368 shares of the oil and gas exploration company’s stock worth $50,000 after purchasing an additional 861 shares during the period. Cerity Partners LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras by 7.1% during the first quarter. Cerity Partners LLC now owns 13,940 shares of the oil and gas exploration company’s stock worth $145,000 after purchasing an additional 924 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Petróleo Brasileiro S.A. – Petrobras by 83.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,577 shares of the oil and gas exploration company’s stock worth $30,000 after purchasing an additional 1,169 shares during the period. Finally, Raub Brock Capital Management LP boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the fourth quarter. Raub Brock Capital Management LP now owns 26,878 shares of the oil and gas exploration company’s stock valued at $286,000 after acquiring an additional 1,330 shares during the period. Institutional investors and hedge funds own 11.57% of the company’s stock.

Analyst Upgrades and Downgrades

PBR has been the subject of several research reports. HSBC cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and set a $13.00 price objective for the company. in a research report on Thursday, August 10th. Morgan Stanley raised Petróleo Brasileiro S.A. – Petrobras from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $12.50 to $16.50 in a research report on Wednesday, June 7th. UBS Group raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their price objective for the company from $13.10 to $17.50 in a research report on Thursday, August 24th. Citigroup cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $19.00 to $14.00 in a research report on Thursday, August 10th. Finally, The Goldman Sachs Group raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 20th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $14.69.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock traded down $0.08 during midday trading on Friday, hitting $15.29. The stock had a trading volume of 3,553,028 shares, compared to its average volume of 21,756,777. The firm has a market capitalization of $99.72 billion, a price-to-earnings ratio of 3.33 and a beta of 1.42. Petróleo Brasileiro S.A. – Petrobras has a 52 week low of $8.88 and a 52 week high of $16.32. The stock has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $12.56. The company has a current ratio of 0.90, a quick ratio of 0.64 and a debt-to-equity ratio of 0.62.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas exploration company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.07). Petróleo Brasileiro S.A. – Petrobras had a return on equity of 40.65% and a net margin of 26.86%. The company had revenue of $22.98 billion for the quarter, compared to analyst estimates of $24.71 billion. During the same quarter in the prior year, the company earned $1.39 earnings per share. As a group, equities research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, August 23rd will be paid a dividend of $0.2353 per share. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a yield of 26.3%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 6.93%.

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 Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.