Vestmark Advisory Solutions Inc. Cuts Stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Vestmark Advisory Solutions Inc. lessened its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,164 shares of the oil and gas exploration company’s stock after selling 4,934 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $208,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 0.4% during the 4th 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at approximately $141,372,000. Perpetual Ltd grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock valued at $42,643,000 after buying an additional 163,668 shares in the last quarter. RWC Asset Management LLP grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock valued at $27,558,000 after buying an additional 190,435 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock valued at $24,445,000 after buying an additional 265,560 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on PBR. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, March 5th. The Goldman Sachs Group boosted their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of PBR stock opened at $12.97 on Monday. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44. The stock has a market capitalization of $83.55 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39. The stock has a fifty day simple moving average of $13.74 and a two-hundred day simple moving average 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 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.