Platinum Investment Management Ltd. Decreases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Platinum Investment Management Ltd. reduced its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,175,491 shares of the oil and gas exploration company’s stock after selling 120,394 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up 1.6% of Platinum Investment Management Ltd.’s holdings, making the stock its 16th largest position. Platinum Investment Management Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $27,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky lifted its stake in shares of 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 worth $24,445,000 after purchasing an additional 265,560 shares during the last quarter. Capital Wealth Planning LLC lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% during the 4th quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock worth $4,408,000 after purchasing an additional 72,930 shares during the last quarter. RWC Asset Management LLP lifted its stake in shares of 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 worth $27,558,000 after purchasing an additional 190,435 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $141,372,000. Finally, Ping Capital Management Inc. lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 50.7% during the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after purchasing an additional 26,900 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.1 %

Shares of PBR stock opened at $13.89 on Wednesday. The stock has a 50 day moving average of $13.75 and a 200 day moving average of $13.97. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The stock has a market cap of $89.48 billion, a P/E ratio of 5.42, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.45 and a twelve month high of $17.44.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PBR shares. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Wednesday, March 5th. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.81.

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.