Whipplewood Advisors LLC Buys Shares of 3,127 Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Whipplewood Advisors LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,127 shares of the oil and gas exploration company’s stock, valued at approximately $40,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PBR. Fisher Asset Management LLC boosted its holdings 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 acquiring an additional 1,835,297 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth about $141,372,000. Perpetual Ltd raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% in the 4th quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after purchasing an additional 163,668 shares during the last quarter. RWC Asset Management LLP grew its position in Petróleo Brasileiro S.A. – Petrobras by 9.8% during the 4th 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 purchasing an additional 190,435 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in 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 purchasing an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR opened at $13.35 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The firm has a market cap of $86.00 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The business has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $14.15. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

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.