Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Atria Investments Inc

Atria Investments Inc lowered its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 49.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 21,746 shares of the oil and gas exploration company’s stock after selling 21,254 shares during the period. Atria Investments Inc’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $280,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at about $141,372,000. Fisher Asset Management LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% in the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after acquiring an additional 1,835,297 shares during the period. Annex Advisory Services LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after acquiring an additional 542,118 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after purchasing an additional 309,112 shares during the period. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.6% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have commented on PBR shares. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $13.90 on Tuesday. The business has a 50-day simple moving average of $13.75 and a 200-day simple moving average of $13.98. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.45 and a one year high of $17.44. The company has a market cap of $89.54 billion, a PE ratio of 5.43, a P/E/G ratio of 0.18 and a beta of 1.39.

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 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.