Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Issue $0.21 Dividend

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced a dividend on Tuesday, April 16th, NASDAQ reports. Stockholders of record on Monday, April 29th will be given a dividend of 0.2084 per share by the oil and gas exploration company on Thursday, June 27th. The ex-dividend date of this dividend is Friday, April 26th.

Petróleo Brasileiro S.A. – Petrobras Trading Up 0.1 %

Petróleo Brasileiro S.A. – Petrobras stock traded up $0.02 during trading on Wednesday, reaching $15.67. 14,199,185 shares of the company were exchanged, compared to its average volume of 19,355,514. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73. The stock’s 50 day simple moving average is $16.05 and its two-hundred day simple moving average is $15.79. The company has a market capitalization of $102.20 billion, a P/E ratio of 4.10 and a beta of 1.46. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $10.01 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last issued its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The company had revenue of $27.11 billion during the quarter, compared to analyst estimates of $26.45 billion. On average, equities research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of recent analyst reports. Morgan Stanley cut shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $20.00 to $18.00 in a research report on Monday, March 11th. Bank of America lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a report on Friday, March 8th. UBS Group lifted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.76.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

Several hedge funds have recently modified their holdings of the stock. SageView Advisory Group LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $706,000. Harbour Investments Inc. grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 29.4% during the fourth quarter. Harbour Investments Inc. now owns 3,961 shares of the oil and gas exploration company’s stock worth $63,000 after buying an additional 900 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 41.4% during the fourth quarter. Townsquare Capital LLC now owns 135,927 shares of the oil and gas exploration company’s stock worth $2,171,000 after buying an additional 39,797 shares during the period. Voloridge Investment Management LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 242.5% in the fourth quarter. Voloridge Investment Management LLC now owns 1,091,595 shares of the oil and gas exploration company’s stock valued at $17,433,000 after acquiring an additional 772,859 shares in the last quarter. Finally, Vident Advisory LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 24.4% in the fourth quarter. Vident Advisory LLC now owns 80,368 shares of the oil and gas exploration company’s stock worth $1,283,000 after acquiring an additional 15,746 shares during the last quarter.

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.