Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Position Lessened by Todd Asset Management LLC

Todd Asset Management LLC decreased its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,937,196 shares of the oil and gas exploration company’s stock after selling 20,905 shares during the period. Todd Asset Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $37,772,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in PBR. Rosenberg Matthew Hamilton lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares during the last quarter. Tandem Financial LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $39,000. Ameliora Wealth Management Ltd. bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at $51,000. Sunbelt Securities Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares during the period. Finally, Activest Wealth Management increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% during the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock valued at $93,000 after purchasing an additional 2,600 shares during the period.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lifted their price target 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR opened at $14.55 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.91. The stock has a fifty day moving average price of $13.67 and a 200 day moving average price of $14.16. The stock has a market cap of $93.73 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 0.18 and a beta of 1.40. 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.