Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lowered its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,346,453 shares of the oil and gas exploration company's stock after selling 267,939 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras accounts for 2.3% of Mondrian Investment Partners LTD's holdings, making the stock its 15th biggest holding. Mondrian Investment Partners LTD owned approximately 0.14% of Petróleo Brasileiro S.A. - Petrobras worth $132,813,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of PBR. Sonora Investment Management Group LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock valued at $220,000 after acquiring an additional 1,000 shares in the last quarter. Ascent Group LLC raised its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company's stock worth $198,000 after buying an additional 1,044 shares during the last quarter. Principal Financial Group Inc. boosted its position in Petróleo Brasileiro S.A. - Petrobras by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock valued at $559,000 after buying an additional 1,381 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock worth $181,000 after acquiring an additional 1,407 shares during the period. Finally, Altman Advisors Inc. lifted its position in Petróleo Brasileiro S.A. - Petrobras by 1.4% during the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company's stock valued at $1,718,000 after purchasing an additional 1,625 shares during the period.

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Wall Street Analyst Weigh In

Several brokerages have weighed in on PBR. 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. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report on Wednesday, March 5th. Finally, StockNews.com cut shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.81.

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

NYSE PBR traded down $0.02 during trading hours on Tuesday, reaching $13.89. The company had a trading volume of 9,534,249 shares, compared to its average volume of 16,518,303. 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 has a market capitalization of $89.48 billion, a P/E ratio of 5.42, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The stock has a 50-day moving average of $13.75 and a 200 day moving average of $13.98. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.45 and a 1-year high of $17.44.

Petróleo Brasileiro S.A. - Petrobras Company 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.