Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Stock Rating Lowered by StockNews.com

Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Monday.

Separately, The Goldman Sachs Group raised their price target on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $17.81.

Petróleo Brasileiro S.A. - Petrobras Price Performance

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded up $0.12 during midday trading on Monday, reaching $12.97. The company had a trading volume of 17,505,575 shares, compared to its average volume of 14,909,930. 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 fifty day simple moving average of $13.73 and a 200 day simple moving average of $14.10. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.55 and a 1-year high of $17.44. The company has a market capitalization of $83.55 billion, a price-to-earnings ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

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Hedge Funds Weigh In On Petróleo Brasileiro S.A. - Petrobras

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter worth $141,372,000. GQG Partners LLC increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 2.6% in the fourth quarter. GQG Partners LLC now owns 237,236,034 shares of the oil and gas exploration company's stock worth $3,050,855,000 after acquiring an additional 6,016,560 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 16.4% during the fourth quarter. Lazard Asset Management LLC now owns 21,755,839 shares of the oil and gas exploration company's stock worth $279,779,000 after purchasing an additional 3,072,312 shares during the period. Fisher Asset Management LLC increased its stake 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 purchasing an additional 1,835,297 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its holdings 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 buying an additional 542,118 shares during the period.

About Petróleo Brasileiro S.A. - Petrobras

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.