Moneda S.A. Administradora General de Fondos Sells 500,667 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Moneda S.A. Administradora General de Fondos trimmed its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 36.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 868,082 shares of the oil and gas exploration company’s stock after selling 500,667 shares during the period. Petróleo Brasileiro S.A. – Petrobras accounts for approximately 11.6% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 3rd biggest position. Moneda S.A. Administradora General de Fondos’ holdings in Petróleo Brasileiro S.A. – Petrobras were worth $11,164,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Sonora Investment Management Group LLC increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after purchasing an additional 1,000 shares during the last quarter. Ascent Group LLC increased its holdings 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 valued at $198,000 after purchasing an additional 1,044 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of 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 last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of 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 last quarter. Finally, Altman Advisors Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 1.4% in the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company’s stock valued at $1,718,000 after purchasing an additional 1,625 shares during the last quarter.

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

PBR opened at $13.15 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44. The company has a 50-day simple moving average of $13.74 and a 200 day simple moving average of $14.13. 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 stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.40.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PBR. StockNews.com cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday. The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.