Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Bought by North of South Capital LLP

North of South Capital LLP boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 63.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 198,360 shares of the oil and gas exploration company’s stock after acquiring an additional 76,939 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras comprises about 0.3% of North of South Capital LLP’s portfolio, making the stock its 14th largest holding. North of South Capital LLP’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,551,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 31.6% during 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 buying an additional 37,181 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 7.7% during the 3rd quarter. Whittier Trust Co. now owns 51,405 shares of the oil and gas exploration company’s stock valued at $741,000 after buying an additional 3,684 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 14.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 17,909 shares of the oil and gas exploration company’s stock valued at $258,000 after buying an additional 2,211 shares during the last quarter. Bogart Wealth LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 571.4% during the 3rd quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 2,000 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 29.0% during 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 buying an additional 4,295 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Price Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.93 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91. The business has a 50-day moving average price of $13.62 and a 200 day moving average price of $14.14. The firm has a market cap of $96.18 billion, a PE ratio of 5.83, a P/E/G ratio of 0.18 and a beta of 1.40.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras has an average rating of “Moderate Buy” and an average target price 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.