Union Bancaire Privee UBP SA Invests $1.73 Million in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Union Bancaire Privee UBP SA bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 136,813 shares of the oil and gas exploration company’s stock, valued at approximately $1,730,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% during the third quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after purchasing an additional 41,447 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third 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 in the last quarter. Creative Planning increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 31.6% during the third quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock worth $2,234,000 after purchasing an additional 37,181 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $141,372,000. Finally, Ping Capital Management Inc. boosted its position in Petróleo Brasileiro S.A. – Petrobras by 50.7% during the fourth quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after acquiring an additional 26,900 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $14.79 on Monday. The firm has a market capitalization of $95.28 billion, a PE ratio of 5.78, a PEG ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.91. The firm’s 50-day moving average price is $13.65 and its 200 day moving average price is $14.16. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

Analysts Set New Price Targets

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