Atria Wealth Solutions Inc. Purchases 9,962 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Atria Wealth Solutions Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 87.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,336 shares of the oil and gas exploration company’s stock after acquiring an additional 9,962 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $275,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rosenberg Matthew Hamilton raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 945 shares in the last quarter. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $39,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $51,000. Sunbelt Securities Inc. raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% in the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock valued at $93,000 after acquiring an additional 2,600 shares in the last quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.35 on Friday. The company has a market capitalization of $86.00 billion, a PE ratio of 5.21, a P/E/G ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $14.15. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.55 and a one year high of $17.44.

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 three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.