Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC lowered its position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 0.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,937,196 shares of the oil and gas exploration company's stock after selling 20,905 shares during the period. Todd Asset Management LLC's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $37,772,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. RWC Asset Management LLP grew its position in Petróleo Brasileiro S.A. - Petrobras by 9.8% in the 4th quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company's stock worth $27,558,000 after purchasing an additional 190,435 shares during the last quarter. Colonial River Investments LLC boosted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 66.7% during the fourth quarter. Colonial River Investments LLC now owns 20,135 shares of the oil and gas exploration company's stock worth $259,000 after buying an additional 8,055 shares during the period. Union Bancaire Privee UBP SA bought a new position in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth approximately $1,730,000. Drum Hill Capital LLC acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter valued at approximately $1,718,000. Finally, North of South Capital LLP raised its stake in Petróleo Brasileiro S.A. - Petrobras by 63.4% during the 4th quarter. North of South Capital LLP now owns 198,360 shares of the oil and gas exploration company's stock valued at $2,551,000 after acquiring an additional 76,939 shares in the last quarter.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group increased 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 note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has an average rating of "Moderate Buy" and a consensus price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Price Performance

NYSE PBR traded down $0.17 on Friday, reaching $13.35. 25,692,529 shares of the stock traded hands, compared to its average volume of 14,626,796. Petróleo Brasileiro S.A. - Petrobras has a 12 month low of $12.55 and a 12 month high of $17.44. The company has a market cap of $86.00 billion, a price-to-earnings ratio of 5.21, a P/E/G ratio of 0.18 and a beta of 1.40. The firm's fifty day simple moving average is $13.73 and its 200 day simple moving average is $14.16. The company has a quick ratio of 0.71, a current ratio of 0.94 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.