Anfield Capital Management LLC Decreases Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Anfield Capital Management LLC lessened its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 53.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,322 shares of the oil and gas exploration company’s stock after selling 8,348 shares during the quarter. Anfield Capital Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares during the last quarter. KG&L Capital Management LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 32.9% during the third quarter. KG&L Capital Management LLC now owns 43,600 shares of the oil and gas exploration company’s stock worth $628,000 after purchasing an additional 10,800 shares during the last quarter. Summit Global Investments purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $1,625,000. Fiera Capital Corp lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 59.8% in the third quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company’s stock valued at $1,443,000 after buying an additional 37,475 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 4.8% in the third quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company’s stock valued at $13,543,000 after buying an additional 43,433 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.2 %

Shares of PBR stock opened at $13.35 on Friday. The business’s fifty day moving average price is $13.74 and its 200 day moving average price is $14.15. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.44. The firm 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 current ratio of 0.94 and a quick ratio of 0.71.

Analyst Upgrades and Downgrades

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

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.