Victory Capital Management Inc. Sells 174,824 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Victory Capital Management Inc. trimmed its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,503,438 shares of the oil and gas exploration company's stock after selling 174,824 shares during the quarter. Victory Capital Management Inc. owned approximately 0.05% of Petróleo Brasileiro S.A. - Petrobras worth $45,054,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PBR. Tandem Financial LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth about $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth about $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth about $51,000. Sunbelt Securities Inc. grew its position 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 buying an additional 5,000 shares during the period. Finally, Activest Wealth Management grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 67.9% during the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock worth $93,000 after buying an additional 2,600 shares during the period.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PBR shares. Hsbc Global Res upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. StockNews.com cut Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a 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 company a "buy" rating in a report on Tuesday, November 12th. Finally, HSBC upgraded Petróleo Brasileiro S.A. - Petrobras from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a report on Wednesday. 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 stock. According to MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras has an average rating of "Moderate Buy" and a consensus target price of $17.81.

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

NYSE PBR traded up $0.12 during trading on Friday, hitting $12.97. The stock had a trading volume of 17,505,575 shares, compared to its average volume of 14,909,930. The company has a market capitalization of $83.55 billion, a PE ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39. The company's 50-day moving average price is $13.74 and its two-hundred day moving average price is $14.07. 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 12 month low of $12.55 and a 12 month 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.