Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Cut to Hold at StockNews.com

StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from a buy rating to a hold rating in a research note released on Monday morning.

Separately, The Goldman Sachs Group lifted their price objective on 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.1 %

NYSE PBR opened at $12.95 on Monday. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44. The stock has a market cap of $83.42 billion, a PE ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. The firm has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $14.11. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Hedge Funds Weigh In On Petróleo Brasileiro S.A. – Petrobras

Hedge funds have recently modified their holdings of the stock. Rakuten Securities Inc. grew its position in Petróleo Brasileiro S.A. – Petrobras by 58.2% in the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after acquiring an additional 41,447 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of 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 in the last quarter. Capital Wealth Planning LLC grew its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% in the 4th quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock worth $4,408,000 after purchasing an additional 72,930 shares during the last quarter. RWC Asset Management LLP increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after purchasing an additional 190,435 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at about $141,372,000.

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 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.