Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its stake in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) by 79.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,128 shares of the oil and gas exploration company's stock after selling 45,688 shares during the period. Truist Financial Corp's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth approximately $39,000. Ameliora Wealth Management Ltd. acquired a new position in Petróleo Brasileiro S.A. - Petrobras during the 4th quarter worth $51,000. Sunbelt Securities Inc. increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% in 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 last quarter. Activest Wealth Management increased its position in shares of Petróleo Brasileiro S.A. - Petrobras by 67.9% in the 3rd quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company's stock worth $93,000 after purchasing an additional 2,600 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Petróleo Brasileiro S.A. - Petrobras in the 3rd quarter valued at about $99,000.

Analyst Ratings Changes

PBR has been the subject of a number of research reports. 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. 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 report on Wednesday, March 5th. StockNews.com downgraded shares of Petróleo Brasileiro S.A. - Petrobras from a "buy" rating to a "hold" rating in a research report on Monday, March 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of 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. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock 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 Stock Performance

NYSE:PBR traded down $0.20 during mid-day trading on Monday, hitting $12.78. The stock had a trading volume of 16,503,937 shares, compared to its average volume of 14,943,229. Petróleo Brasileiro S.A. - Petrobras has a 52 week low of $12.55 and a 52 week high of $17.44. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $82.33 billion, a price-to-earnings ratio of 4.99, a P/E/G ratio of 0.18 and a beta of 1.39. The company has a 50 day simple moving average of $13.74 and a 200-day simple moving average of $14.07.

Petróleo Brasileiro S.A. - Petrobras Company 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.