North of South Capital LLP Buys 76,939 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

North of South Capital LLP raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 63.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,360 shares of the oil and gas exploration company’s stock after acquiring an additional 76,939 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up about 0.3% of North of South Capital LLP’s portfolio, making the stock its 14th biggest position. North of South Capital LLP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of PBR. Creative Planning boosted its position in Petróleo Brasileiro S.A. – Petrobras by 31.6% during the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after acquiring an additional 37,181 shares in the last quarter. Whittier Trust Co. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 7.7% during the 3rd quarter. Whittier Trust Co. now owns 51,405 shares of the oil and gas exploration company’s stock valued at $741,000 after acquiring an additional 3,684 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 14.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 17,909 shares of the oil and gas exploration company’s stock valued at $258,000 after acquiring an additional 2,211 shares in the last quarter. Bogart Wealth LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% in the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 29.0% in the 3rd quarter. Ballentine Partners LLC now owns 19,116 shares of the oil and gas exploration company’s stock worth $275,000 after purchasing an additional 4,295 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.6 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.93 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The stock has a market capitalization of $96.18 billion, a price-to-earnings ratio of 5.83, a PEG ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The business has a fifty day moving average price of $13.62 and a 200-day moving average price of $14.14.

Wall Street Analysts Forecast Growth

Separately, 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

About Petróleo Brasileiro S.A. – Petrobras

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.