Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Stock Holdings Lessened by Victory Capital Management Inc.

Victory Capital Management Inc. cut its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,503,438 shares of the oil and gas exploration company’s stock after selling 174,824 shares during the quarter. Victory Capital Management Inc. owned 0.05% of Petróleo Brasileiro S.A. – Petrobras worth $45,054,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PBR. Cape Ann Asset Management Ltd lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 30.7% during the fourth quarter. Cape Ann Asset Management Ltd now owns 454,611 shares of the oil and gas exploration company’s stock valued at $5,383,000 after purchasing an additional 106,701 shares during the last quarter. Capital Wealth Planning LLC raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 27.0% during the 4th quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock worth $4,408,000 after buying an additional 72,930 shares during the period. Fisher Asset Management LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 0.4% during the fourth quarter. Fisher Asset Management LLC now owns 15,887,984 shares of the oil and gas exploration company’s stock valued at $204,319,000 after buying an additional 68,337 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth about $40,000. Finally, RWC Asset Management LLP increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% in the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after acquiring an additional 190,435 shares in the last quarter.

Wall Street Analyst Weigh In

PBR has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. HSBC raised 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 raised 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 report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

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

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.