Fisher Asset Management LLC Buys 68,337 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Fisher Asset Management LLC lifted its stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,887,984 shares of the oil and gas exploration company's stock after purchasing an additional 68,337 shares during the quarter. Fisher Asset Management LLC owned about 0.25% of Petróleo Brasileiro S.A. - Petrobras worth $204,319,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Rakuten Securities Inc. grew its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company's stock valued at $1,623,000 after buying an additional 41,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its position in Petróleo Brasileiro S.A. - Petrobras by 18.6% in 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 valued at $24,445,000 after acquiring an additional 265,560 shares during the last quarter. RWC Asset Management LLP increased its stake in Petróleo Brasileiro S.A. - Petrobras by 9.8% in the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock worth $27,558,000 after purchasing an additional 190,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the third quarter worth $141,372,000. Finally, Ping Capital Management Inc. lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 50.7% during the fourth quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company's stock worth $1,029,000 after purchasing an additional 26,900 shares during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.1 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.02 during trading on Monday, hitting $13.34. 9,916,870 shares of the stock traded hands, compared to its average volume of 14,460,075. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock's fifty day simple moving average is $13.74 and its 200 day simple moving average is $14.14. The firm has a market cap of $85.94 billion, a P/E ratio of 5.20, a price-to-earnings-growth 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 $17.44.

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 report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.