Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Acquired by Capital Wealth Planning LLC

Capital Wealth Planning LLC lifted its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 27.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,752 shares of the oil and gas exploration company's stock after purchasing an additional 72,930 shares during the quarter. Capital Wealth Planning LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $4,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tandem Financial LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth $39,000. Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at about $40,000. Ameliora Wealth Management Ltd. bought a new position in Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth about $51,000. Sunbelt Securities Inc. increased its position in Petróleo Brasileiro S.A. - Petrobras by 497.5% during the 3rd 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 lifted its position in Petróleo Brasileiro S.A. - Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock valued at $93,000 after purchasing an additional 2,600 shares during the period.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of NYSE PBR traded up $0.01 during mid-day trading on Monday, reaching $13.36. The company's stock had a trading volume of 10,774,632 shares, compared to its average volume of 14,512,385. The stock has a market capitalization of $86.07 billion, a P/E ratio of 5.21, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.55 and a 1-year high of $17.44. The stock has a 50-day moving average of $13.74 and a two-hundred day moving average of $14.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their price target 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $18.24.

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.