Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stake Decreased by Assetmark Inc.

Assetmark Inc. lessened its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 896,718 shares of the oil and gas exploration company’s stock after selling 43,146 shares during the period. Assetmark Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $11,532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in PBR. Summit Global Investments bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $1,625,000. Fiera Capital Corp raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 59.8% during the third quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company’s stock worth $1,443,000 after purchasing an additional 37,475 shares in the last quarter. Ted Buchan & Co bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $1,939,000. Axxcess Wealth Management LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $174,000. Finally, Colonial River Investments LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $174,000.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.0 %

NYSE PBR opened at $12.85 on Friday. 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 debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a market cap of $82.78 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 0.18 and a beta of 1.39. The firm’s 50 day moving average price is $13.73 and its two-hundred day moving average price is $14.10.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. HSBC upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group lifted 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 report on Tuesday, November 12th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

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.