Henry James International Management Inc. Decreases Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Henry James International Management Inc. cut its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,117 shares of the oil and gas exploration company’s stock after selling 1,139 shares during the period. Henry James International Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PBR. Rakuten Securities Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 58.2% during the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after purchasing an additional 41,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.6% in 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 purchasing an additional 265,560 shares during the last quarter. RWC Asset Management LLP lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 9.8% in the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock valued at $27,558,000 after acquiring an additional 190,435 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $141,372,000. Finally, Ping Capital Management Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 50.7% during the fourth quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after buying an additional 26,900 shares during the period.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their price target 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Trading Down 1.2 %

PBR opened at $13.35 on Friday. The business has a fifty day moving average price of $13.74 and a 200 day moving average price of $14.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.55 and a 12 month high of $17.44. The stock has a market capitalization of $86.00 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 0.18 and a beta of 1.40.

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.