Ativo Capital Management LLC Decreases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Ativo Capital Management LLC lowered its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 79,425 shares of the oil and gas exploration company’s stock after selling 1,690 shares during the quarter. Ativo Capital Management LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,021,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PBR. Bogart Wealth LLC increased its position 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 purchasing an additional 2,000 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during 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 last quarter. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at approximately $39,000. Ameliora Wealth Management Ltd. bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 4th quarter valued at approximately $51,000. Finally, Sunbelt Securities Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after purchasing an additional 5,000 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.79 on Friday. The stock’s fifty day moving average is $13.65 and its two-hundred day moving average is $14.16. The company has a market capitalization of $95.28 billion, a PE ratio of 5.78, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. 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 52 week low of $12.55 and a 52 week high of $17.91.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and a consensus 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.