Platinum Investment Management Ltd. Decreases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Platinum Investment Management Ltd. lowered its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,175,491 shares of the oil and gas exploration company’s stock after selling 120,394 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for 1.6% of Platinum Investment Management Ltd.’s holdings, making the stock its 16th biggest holding. Platinum Investment Management Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $27,977,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Sonora Investment Management Group LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock valued at $220,000 after purchasing an additional 1,000 shares during the last quarter. Ascent Group LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after purchasing an additional 1,044 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 23,536 shares of the oil and gas exploration company’s stock valued at $303,000 after purchasing an additional 1,164 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock valued at $559,000 after purchasing an additional 1,381 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 12.6% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock valued at $181,000 after purchasing an additional 1,407 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR opened at $13.89 on Wednesday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.45 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 business’s fifty day simple moving average is $13.75 and its 200-day simple moving average is $13.97. The company has a market capitalization of $89.48 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 0.18 and a beta of 1.39.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on PBR shares. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, March 5th. 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. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average price target of $17.81.

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.