RWC Asset Management LLP Purchases 190,435 Shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

RWC Asset Management LLP boosted its position in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,142,912 shares of the oil and gas exploration company's stock after purchasing an additional 190,435 shares during the period. Petróleo Brasileiro S.A. - Petrobras comprises 1.4% of RWC Asset Management LLP's portfolio, making the stock its 24th biggest holding. RWC Asset Management LLP's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $27,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Fisher Asset Management LLC boosted its position in Petróleo Brasileiro S.A. - Petrobras by 13.1% in the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after purchasing an additional 1,835,297 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras in the third quarter worth about $141,372,000. Perpetual Ltd lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 5.2% during the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company's stock valued at $42,643,000 after buying an additional 163,668 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after buying an additional 265,560 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its position in shares of Petróleo Brasileiro S.A. - Petrobras by 56.1% during the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock valued at $19,403,000 after buying an additional 542,118 shares in the last quarter.

Petróleo Brasileiro S.A. - Petrobras Price Performance

PBR traded down $0.76 on Thursday, hitting $13.56. 62,489,680 shares of the company's stock traded hands, compared to its average volume of 14,335,059. The company's 50 day simple moving average is $13.72 and its 200-day simple moving average is $14.17. The firm has a market cap of $87.41 billion, a price-to-earnings ratio of 5.30, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. - Petrobras has a one year low of $12.55 and a one year high of $17.83. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

Separately, 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 research report 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 company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $18.24.

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.