Colonial River Investments LLC Purchases 8,055 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Colonial River Investments LLC boosted its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 66.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 20,135 shares of the oil and gas exploration company’s stock after buying an additional 8,055 shares during the period. Colonial River Investments LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PBR. Creative Planning boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 31.6% in the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after purchasing an additional 37,181 shares during the period. Ballentine Partners LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 29.0% in the 3rd quarter. Ballentine Partners LLC now owns 19,116 shares of the oil and gas exploration company’s stock valued at $275,000 after purchasing an additional 4,295 shares during the period. Arkadios Wealth Advisors bought a new stake in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter valued at $326,000. Rosenberg Matthew Hamilton boosted 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 purchasing an additional 945 shares during the period. Finally, KG&L Capital Management LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 32.9% in the 3rd quarter. KG&L Capital Management LLC now owns 43,600 shares of the oil and gas exploration company’s stock valued at $628,000 after purchasing an additional 10,800 shares during the period.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $14.55 on Tuesday. The stock has a fifty day moving average price of $13.67 and a 200-day moving average price of $14.16. The company has a market cap of $93.73 billion, a price-to-earnings ratio of 5.68, a PEG ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upped their target price 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. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has a consensus rating of “Moderate Buy” and an average price target 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.