Moneda S.A. Administradora General de Fondos Sells 500,667 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Moneda S.A. Administradora General de Fondos lessened its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 868,082 shares of the oil and gas exploration company's stock after selling 500,667 shares during the period. Petróleo Brasileiro S.A. - Petrobras accounts for approximately 11.6% of Moneda S.A. Administradora General de Fondos' holdings, making the stock its 3rd biggest position. Moneda S.A. Administradora General de Fondos' holdings in Petróleo Brasileiro S.A. - Petrobras were worth $11,164,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Tandem Financial LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at about $39,000. Whipplewood Advisors LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter valued at $40,000. Ameliora Wealth Management Ltd. purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter worth approximately $51,000. Sunbelt Securities Inc. boosted its stake in shares of 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 worth $87,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Activest Wealth Management increased its position in Petróleo Brasileiro S.A. - Petrobras by 67.9% in the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock worth $93,000 after buying an additional 2,600 shares in the last quarter.

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Analyst Ratings Changes

PBR has been the subject of several recent analyst reports. HSBC raised shares of 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 report on Wednesday. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. The Goldman Sachs Group boosted their price objective on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a research note on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday. Two research 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 MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Stock Up 0.9 %

Shares of NYSE PBR traded up $0.12 during midday trading on Friday, reaching $12.97. 17,505,575 shares of the company's stock traded hands, compared to its average volume of 14,909,930. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The company has a market cap of $83.55 billion, a price-to-earnings ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39. The stock's 50 day simple moving average is $13.73 and its 200-day simple moving average is $14.10. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.55 and a one year 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.