13,100 Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Purchased by Vision Financial Markets LLC

Vision Financial Markets LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,100 shares of the oil and gas exploration company’s stock, valued at approximately $168,000.

Several other large investors also recently modified their holdings of PBR. Summit Global Investments bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth about $1,625,000. Fiera Capital Corp grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 59.8% in 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 during the last quarter. Assetmark Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% in the third quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company’s stock worth $13,543,000 after purchasing an additional 43,433 shares during the last quarter. Ted Buchan & Co bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at approximately $1,939,000. Finally, Axxcess Wealth Management LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at approximately $174,000.

Wall Street Analysts Forecast Growth

PBR has been the topic of several research reports. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a research report on Wednesday. The Goldman Sachs Group lifted their price objective on 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. Finally, StockNews.com cut Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR stock opened at $12.95 on Thursday. The stock has a market capitalization of $83.42 billion, a PE 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 12-month low of $12.55 and a 12-month high of $17.44. 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 stock’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $14.11.

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.