Morningstar Investment Management LLC Has $3.09 Million Position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Morningstar Investment Management LLC increased its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 39.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 239,902 shares of the oil and gas exploration company's stock after buying an additional 67,897 shares during the quarter. Morningstar Investment Management LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $3,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after acquiring an additional 1,835,297 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter worth about $141,372,000. Perpetual Ltd grew its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock valued at $42,643,000 after acquiring an additional 163,668 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% in the third 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. Finally, Annex Advisory Services LLC increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 56.1% in the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock valued at $19,403,000 after acquiring an additional 542,118 shares during the last quarter.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

NYSE PBR traded down $0.23 during trading on Monday, reaching $14.54. 9,947,888 shares of the company's stock were exchanged, compared to its average volume of 12,643,329. Petróleo Brasileiro S.A. - Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The stock has a market capitalization of $93.67 billion, a P/E ratio of 5.69, a PEG ratio of 0.18 and a beta of 1.40. The business has a 50 day moving average price of $13.65 and a 200-day moving average price of $14.16. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

Analysts Set New Price Targets

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

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.