57,900 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 57,900 shares of the oil and gas exploration company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PBR. Summit Global Investments purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth about $1,625,000. Fiera Capital Corp lifted 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 valued at $1,443,000 after purchasing an additional 37,475 shares during the last quarter. Assetmark Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 4.8% during the third quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company’s stock valued at $13,543,000 after purchasing an additional 43,433 shares during the last quarter. Ted Buchan & Co purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at about $1,939,000. Finally, Axxcess Wealth Management LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at about $174,000.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

PBR stock opened at $12.97 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average is $13.74 and its 200 day moving average is $14.07. The stock has a market cap of $83.55 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.44.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PBR shares. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday. HSBC raised 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 report on Wednesday. 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 report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.81.

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.