Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by RWC Asset Advisors US LLC

RWC Asset Advisors US LLC reduced its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,216,594 shares of the oil and gas exploration company's stock after selling 299,597 shares during the period. Petróleo Brasileiro S.A. - Petrobras accounts for about 13.4% of RWC Asset Advisors US LLC's holdings, making the stock its 4th biggest position. RWC Asset Advisors US LLC owned about 0.08% of Petróleo Brasileiro S.A. - Petrobras worth $67,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of the stock. Rosenberg Matthew Hamilton raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 65.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company's stock worth $34,000 after purchasing an additional 945 shares during the last quarter. Sonora Investment Management Group LLC raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 6.2% during the 4th 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 position in shares of Petróleo Brasileiro S.A. - Petrobras by 8.2% during the 3rd 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 position in shares of Petróleo Brasileiro S.A. - Petrobras by 3.3% during the 4th 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. Finally, OneDigital Investment Advisors LLC raised its position in shares of Petróleo Brasileiro S.A. - Petrobras by 12.6% during the 3rd 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.

Petróleo Brasileiro S.A. - Petrobras Trading Down 5.3 %

Shares of Petróleo Brasileiro S.A. - Petrobras stock traded down $0.76 during trading hours on Thursday, reaching $13.56. 62,489,680 shares of the company's stock were exchanged, compared to its average volume of 14,335,059. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.55 and a 52-week high of $17.83. The firm has a market capitalization of $87.41 billion, a price-to-earnings ratio of 5.30, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The company has a fifty day moving average of $13.72 and a 200-day moving average of $14.17. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Wall Street Analyst Weigh In

Separately, 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 research report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. - Petrobras presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.24.

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.