Rakuten Securities Inc. Grows Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Rakuten Securities Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 27.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 143,120 shares of the oil and gas exploration company’s stock after purchasing an additional 30,496 shares during the period. Petróleo Brasileiro S.A. – Petrobras comprises 0.7% of Rakuten Securities Inc.’s holdings, making the stock its 26th biggest position. Rakuten Securities Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,841,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Fisher Asset Management LLC increased its stake 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 purchasing 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 shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth about $141,372,000. Perpetual Ltd increased its position in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after purchasing an additional 163,668 shares during the last quarter. RWC Asset Management LLP increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth 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 acquiring an additional 190,435 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third 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 acquiring an additional 265,560 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.4 %

Shares of NYSE:PBR opened at $12.61 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The company has a 50 day moving average of $13.74 and a two-hundred day moving average of $14.04. The company has a market capitalization of $81.23 billion, a price-to-earnings ratio of 4.92, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Analysts Set New Price Targets

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

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.