Union Bancaire Privee UBP SA Invests $1.73 Million in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Union Bancaire Privee UBP SA acquired a new stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 136,813 shares of the oil and gas exploration company's stock, valued at approximately $1,730,000.

A number of other institutional investors also recently bought and sold shares of the business. Rosenberg Matthew Hamilton grew its stake in Petróleo Brasileiro S.A. - Petrobras by 65.4% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company's stock valued at $34,000 after acquiring an additional 945 shares during the period. Tandem Financial LLC purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $39,000. Ameliora Wealth Management Ltd. purchased a new stake in Petróleo Brasileiro S.A. - Petrobras during the fourth quarter worth about $51,000. Sunbelt Securities Inc. grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 497.5% during the third 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 in the last quarter. Finally, Activest Wealth Management grew 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 worth $93,000 after buying an additional 2,600 shares in the last quarter.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted 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 note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.24.

Petróleo Brasileiro S.A. - Petrobras Stock Performance

PBR stock traded down $0.76 during trading 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. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The firm has a market cap of $87.41 billion, a PE ratio of 5.30, a P/E/G ratio of 0.18 and a beta of 1.40. The company's fifty day moving average price is $13.72 and its 200-day moving average price is $14.17. Petróleo Brasileiro S.A. - Petrobras has a 1-year low of $12.55 and a 1-year high of $17.83.

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.