Diversified Trust Co Has $1.99 Million Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Diversified Trust Co increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 127.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,141 shares of the oil and gas exploration company’s stock after buying an additional 76,752 shares during the period. Diversified Trust Co’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,987,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 460.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the oil and gas exploration company’s stock worth $27,000 after purchasing an additional 1,468 shares during the last quarter. Frank Rimerman Advisors LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $54,000. SYSTM Wealth Solutions LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 210.6% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 3,998 shares of the oil and gas exploration company’s stock worth $61,000 after purchasing an additional 2,711 shares during the last quarter. Founders Capital Management raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 17.5% during the 1st quarter. Founders Capital Management now owns 4,700 shares of the oil and gas exploration company’s stock worth $71,000 after purchasing an additional 700 shares during the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 101.7% during the 1st quarter. Sound Income Strategies LLC now owns 5,643 shares of the oil and gas exploration company’s stock worth $86,000 after purchasing an additional 2,845 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.4 %

Shares of NYSE:PBR traded up $0.06 during midday trading on Wednesday, hitting $14.83. The stock had a trading volume of 813,351 shares, compared to its average volume of 18,365,670. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.90 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. The business’s 50-day simple moving average is $14.45 and its 200-day simple moving average is $15.55. The company has a market cap of $96.72 billion, a P/E ratio of 4.29, a PEG ratio of 0.15 and a beta of 1.41.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last released its earnings results on Monday, May 13th. The oil and gas exploration company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $23.77 billion during the quarter, compared to the consensus estimate of $24.63 billion. During the same period in the prior year, the business posted $1.11 earnings per share. On average, sell-side analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post 3.36 earnings per share for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Cuts Dividend

The business also recently disclosed a Variable dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.0288 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 16%. Petróleo Brasileiro S.A. – Petrobras’s dividend payout ratio (DPR) is 26.16%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating and lowered their target price for the stock from $21.20 to $17.70 in a research note on Wednesday, May 15th. The Goldman Sachs Group lowered their target price on Petróleo Brasileiro S.A. – Petrobras from $19.30 to $16.70 and set a “buy” rating for the company in a research note on Tuesday. Finally, Bank of America raised Petróleo Brasileiro S.A. – Petrobras from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.80 to $17.90 in a research note on Thursday, June 27th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.24.

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.