Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Acquired by North of South Capital LLP

North of South Capital LLP boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 63.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 198,360 shares of the oil and gas exploration company's stock after acquiring an additional 76,939 shares during the quarter. Petróleo Brasileiro S.A. - Petrobras comprises about 0.3% of North of South Capital LLP's investment portfolio, making the stock its 14th biggest position. North of South Capital LLP's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter valued at approximately $141,372,000. Fisher Asset Management LLC increased its position in Petróleo Brasileiro S.A. - Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock valued at $227,961,000 after acquiring an additional 1,835,297 shares during the last quarter. Annex Advisory Services LLC raised its stake 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 period. SG Americas Securities LLC lifted its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company's stock worth $7,449,000 after acquiring an additional 309,112 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% during 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 worth $24,445,000 after purchasing an additional 265,560 shares during the period.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price objective on shares of 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. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has a consensus rating of "Moderate Buy" and an average target price of $18.24.

Petróleo Brasileiro S.A. - Petrobras Stock Down 0.7 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.10 during trading on Tuesday, hitting $14.46. 9,217,819 shares of the stock traded hands, compared to its average volume of 12,880,671. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91. The stock's fifty day simple moving average is $13.67 and its 200 day simple moving average is $14.16. The firm has a market cap of $93.15 billion, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

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.