Todd Asset Management LLC Has $37.77 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Todd Asset Management LLC cut its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 0.7% during the fourth quarter, HoldingsChannel reports. The firm owned 2,937,196 shares of the oil and gas exploration company’s stock after selling 20,905 shares during the period. Todd Asset Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $37,772,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Rosenberg Matthew Hamilton increased its stake 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 worth $34,000 after purchasing an additional 945 shares during the period. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $39,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $51,000. Sunbelt Securities Inc. increased its stake 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 worth $87,000 after purchasing an additional 5,000 shares during the period. Finally, Activest Wealth Management increased its stake 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 worth $93,000 after purchasing an additional 2,600 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.5 %

Shares of PBR opened at $14.55 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $93.73 billion, a price-to-earnings ratio of 5.68, a P/E/G ratio of 0.18 and a beta of 1.40. The stock’s 50-day moving average price is $13.67 and its 200 day moving average price is $14.16.

Analyst Ratings Changes

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 research note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and an average target price of $18.24.

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.