Assetmark Inc. Has $11.53 Million Holdings in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Assetmark Inc. decreased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 896,718 shares of the oil and gas exploration company's stock after selling 43,146 shares during the quarter. Assetmark Inc.'s holdings in Petróleo Brasileiro S.A. - Petrobras were worth $11,532,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tandem Financial LLC bought a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the fourth quarter valued at approximately $39,000. Whipplewood Advisors LLC acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter valued at $40,000. Ameliora Wealth Management Ltd. acquired a new stake in Petróleo Brasileiro S.A. - Petrobras in the 4th quarter worth $51,000. Sunbelt Securities Inc. increased its holdings in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company's stock worth $87,000 after purchasing an additional 5,000 shares during the period. Finally, Activest Wealth Management raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock valued at $93,000 after buying an additional 2,600 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PBR. StockNews.com downgraded Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. The Goldman Sachs Group lifted their price objective on Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $17.81.

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Petróleo Brasileiro S.A. - Petrobras Price Performance

NYSE:PBR traded down $0.20 during trading hours on Monday, reaching $12.78. The company had a trading volume of 16,504,227 shares, compared to its average volume of 14,945,529. The firm has a market capitalization of $82.33 billion, a PE ratio of 4.99, a PEG ratio of 0.18 and a beta of 1.39. The stock has a 50-day moving average of $13.74 and a two-hundred day moving average of $14.07. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.55 and a one year high of $17.44. 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.