Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 117,551 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 117,551 shares of the oil and gas exploration company’s stock, valued at approximately $1,668,000.

Several other large investors have also bought and sold shares of PBR. Fiera Capital Corp lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 59.8% during the 3rd quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company’s stock valued at $1,443,000 after acquiring an additional 37,475 shares in the last quarter. Assetmark Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 4.8% during the 3rd 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 shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $1,939,000. Axxcess Wealth Management LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $174,000. Finally, Colonial River Investments LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter valued at $174,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. The Goldman Sachs Group raised their target price 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, Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Two 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 company’s stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and a consensus price target of $17.81.

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

Shares of PBR opened at $12.97 on Monday. The business has a 50-day moving average of $13.74 and a 200 day moving average of $14.07. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The firm has a market cap of $83.55 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

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.