RWC Asset Management LLP Grows Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

RWC Asset Management LLP boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,142,912 shares of the oil and gas exploration company’s stock after buying an additional 190,435 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras accounts for approximately 1.4% of RWC Asset Management LLP’s portfolio, making the stock its 24th largest holding. RWC Asset Management LLP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $27,558,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton grew 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 acquiring an additional 945 shares during the period. Tandem Financial LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $39,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $51,000. Sunbelt Securities Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after buying an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management raised its stake 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 worth $93,000 after buying an additional 2,600 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.24.

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

Shares of NYSE:PBR opened at $14.79 on Monday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $95.28 billion, a P/E ratio of 5.78, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91. The stock’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $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.