Ativo Capital Management LLC Sells 1,690 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ativo Capital Management LLC decreased its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 79,425 shares of the oil and gas exploration company’s stock after selling 1,690 shares during the quarter. Ativo Capital Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $141,372,000. Fisher Asset Management LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock worth $227,961,000 after purchasing an additional 1,835,297 shares during the last quarter. Annex Advisory Services LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% during the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after purchasing an additional 542,118 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock worth $7,449,000 after purchasing an additional 309,112 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company’s stock worth $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price target on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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

Petróleo Brasileiro S.A. – Petrobras stock opened at $14.79 on Friday. Petróleo Brasileiro S.A. – Petrobras has a one year low of $12.55 and a one year high of $17.91. The stock has a market cap of $95.28 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a 50-day moving average of $13.65 and a two-hundred day moving average of $14.16.

Petróleo Brasileiro S.A. – Petrobras 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.