Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Purchased by Banco Santander S.A.

Banco Santander S.A. boosted its holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 134,782 shares of the oil and gas exploration company's stock after purchasing an additional 23,709 shares during the quarter. Banco Santander S.A.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $1,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sonora Investment Management Group LLC raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 6.2% during the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company's stock worth $220,000 after purchasing an additional 1,000 shares during the last quarter. Ascent Group LLC raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 8.2% during the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company's stock worth $198,000 after purchasing an additional 1,044 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company's stock worth $559,000 after purchasing an additional 1,381 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% during the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company's stock worth $181,000 after purchasing an additional 1,407 shares during the last quarter. Finally, Altman Advisors Inc. raised its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 1.4% during the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company's stock worth $1,718,000 after purchasing an additional 1,625 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on PBR. HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Wednesday, March 5th. The Goldman Sachs Group upped 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. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. Finally, Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. 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 data from MarketBeat, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and an average target price of $17.81.

Remove Ads

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

NYSE:PBR opened at $12.97 on Monday. The stock has a fifty day moving average price of $13.74 and a two-hundred day moving average price of $14.07. The stock has a market capitalization of $83.55 billion, a price-to-earnings ratio of 5.06, a PEG ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. - Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44.

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.

Want to see what other hedge funds are holding PBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.