Petróleo Brasileiro S.A. – Petrobras (PBR) to Issue Dividend of $0.21 on June 27th

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) declared a dividend on Tuesday, April 16th, NASDAQ reports. Investors 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 is Friday, April 26th.

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

NYSE PBR opened at $15.67 on Thursday. The firm has a 50-day moving average price of $16.02 and a two-hundred day moving average price of $15.79. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $10.01 and a 12-month high of $17.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $140,000. SVB Wealth LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth $135,000. Guardian Capital Advisors LP acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 1st quarter worth about $129,000. Toroso Investments LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $112,000. Finally, Private Capital Management LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 133.3% in the 1st quarter. Private Capital Management LLC now owns 10,000 shares of the oil and gas exploration company’s stock valued at $104,000 after buying an additional 40,000 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Petróleo Brasileiro S.A. – Petrobras Company 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.