Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 117,551 shares of the oil and gas exploration company's stock, valued at approximately $1,668,000.
Several other large investors have also bought and sold shares of PBR. Fiera Capital Corp lifted its stake in Petróleo Brasileiro S.A. - Petrobras by 59.8% during the 3rd quarter. Fiera Capital Corp now owns 100,109 shares of the oil and gas exploration company's stock valued at $1,443,000 after acquiring an additional 37,475 shares in the last quarter. Assetmark Inc. increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 4.8% during the 3rd quarter. Assetmark Inc. now owns 939,864 shares of the oil and gas exploration company's stock valued at $13,543,000 after purchasing an additional 43,433 shares during the last quarter. Ted Buchan & Co purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter valued at $1,939,000. Axxcess Wealth Management LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter valued at $174,000. Finally, Colonial River Investments LLC purchased a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter valued at $174,000.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. HSBC raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a research report on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. The Goldman Sachs Group raised their target price on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Hsbc Global Res raised Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and a consensus price target of $17.81.
View Our Latest Analysis on Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras Trading Up 0.9 %
Shares of PBR opened at $12.97 on Monday. The business has a 50-day moving average of $13.74 and a 200 day moving average of $14.07. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The firm has a market cap of $83.55 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.
Petróleo Brasileiro S.A. - Petrobras Company Profile
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Free Report)
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.
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