Moneda S.A. Administradora General de Fondos Has $44.51 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Moneda S.A. Administradora General de Fondos trimmed its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,926,324 shares of the oil and gas exploration company’s stock after selling 260,285 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras comprises approximately 25.0% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its biggest position. Moneda S.A. Administradora General de Fondos’ holdings in Petróleo Brasileiro S.A. – Petrobras were worth $44,509,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBR. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the first quarter valued at about $298,000. GSA Capital Partners LLP bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth about $769,000. Whittier Trust Co. of Nevada Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 21.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 12,008 shares of the oil and gas exploration company’s stock valued at $183,000 after acquiring an additional 2,107 shares in the last quarter. Whittier Trust Co. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 1.7% in the 1st quarter. Whittier Trust Co. now owns 43,569 shares of the oil and gas exploration company’s stock valued at $663,000 after acquiring an additional 725 shares in the last quarter. Finally, Financial Counselors Inc. increased its stake in Petróleo Brasileiro S.A. – Petrobras by 5.8% in the 1st quarter. Financial Counselors Inc. now owns 21,145 shares of the oil and gas exploration company’s stock valued at $322,000 after buying an additional 1,167 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PBR shares. Jefferies Financial Group lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and reduced their price objective for the company from $21.20 to $17.70 in a research note on Wednesday, May 15th. UBS Group boosted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a research report on Monday, March 25th. Bank of America upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and boosted their price target for the company from $16.80 to $17.90 in a research report on Thursday, June 27th. Finally, HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.56.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.7 %

Petróleo Brasileiro S.A. – Petrobras stock traded down $0.10 during midday trading on Friday, reaching $15.09. 9,250,358 shares of the company traded hands, compared to its average volume of 19,208,098. The business has a 50 day moving average of $15.06 and a two-hundred day moving average of $15.83. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $13.02 and a 12 month high of $17.91. The company has a quick ratio of 0.81, a current ratio of 1.08 and a debt-to-equity ratio of 0.60.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings data on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.09). Petróleo Brasileiro S.A. – Petrobras had a net margin of 22.46% and a return on equity of 31.07%. The company had revenue of $23.77 billion for the quarter, compared to the consensus estimate of $24.63 billion. During the same quarter last year, the company earned $1.11 EPS. Analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.46 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The firm also recently announced a Variable dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, June 13th will be issued a dividend of $0.0288 per share. The ex-dividend date is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio is currently 26.45%.

About Petróleo Brasileiro S.A. – Petrobras

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.