Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by RWC Asset Management LLP

RWC Asset Management LLP increased its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,142,912 shares of the oil and gas exploration company’s stock after purchasing an additional 190,435 shares during the period. Petróleo Brasileiro S.A. – Petrobras accounts for 1.4% of RWC Asset Management LLP’s investment portfolio, making the stock its 24th largest holding. RWC Asset Management LLP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $27,558,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PBR. Rosenberg Matthew Hamilton grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 945 shares during the period. Sonora Investment Management Group LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after acquiring an additional 1,000 shares during the period. Ascent Group LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after acquiring an additional 1,044 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock valued at $559,000 after purchasing an additional 1,381 shares during the period. Finally, OneDigital Investment Advisors LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock valued at $181,000 after purchasing an additional 1,407 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.9 %

NYSE PBR opened at $14.79 on Monday. 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 $12.55 and a one year high of $17.91. The company’s 50 day moving average price is $13.65 and its 200 day moving average price is $14.16. The firm has a market capitalization of $95.28 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.18 and a beta of 1.40.

Analyst Ratings Changes

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

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.