Generali Investments CEE investicni spolecnost a.s. Makes New $745,000 Investment in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 57,900 shares of the oil and gas exploration company's stock, valued at approximately $745,000.

A number of other hedge funds have also recently made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Petróleo Brasileiro S.A. - Petrobras during the third quarter valued at $141,372,000. Fisher Asset Management LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 13.1% in the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock valued at $227,961,000 after acquiring an additional 1,835,297 shares in the last quarter. Annex Advisory Services LLC boosted its position 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 valued at $19,403,000 after acquiring an additional 542,118 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 114.4% during the fourth 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 in 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% in 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 worth $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PBR shares. Hsbc Global Res upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted 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 report on Tuesday, November 12th. 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 note on Wednesday, March 5th. Finally, StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $17.81.

Petróleo Brasileiro S.A. - Petrobras Trading Up 0.3 %

Shares of NYSE:PBR traded up $0.04 on Wednesday, reaching $12.65. 15,987,480 shares of the company traded hands, compared to its average volume of 14,985,650. The stock has a market capitalization of $81.49 billion, a P/E ratio of 4.94, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The business's 50-day simple moving average is $13.74 and its 200 day simple moving average is $14.04. 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 has a 52 week low of $12.45 and a 52 week high of $17.44.

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.