Fisher Asset Management LLC Boosts Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Fisher Asset Management LLC raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,887,984 shares of the oil and gas exploration company’s stock after buying an additional 68,337 shares during the period. Fisher Asset Management LLC owned about 0.25% of Petróleo Brasileiro S.A. – Petrobras worth $204,319,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. 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 third quarter worth about $141,372,000. Perpetual Ltd boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after purchasing an additional 163,668 shares during the period. RWC Asset Management LLP boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth 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 period. Teachers Retirement System of The State of Kentucky boosted its holdings 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 during the period. Finally, Annex Advisory Services LLC boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after purchasing an additional 542,118 shares during the period.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras Price Performance

PBR stock opened at $13.35 on Friday. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44. The company has a market cap of $86.00 billion, a P/E ratio of 5.21, a PEG ratio of 0.18 and a beta of 1.40. The firm has a 50-day moving average of $13.74 and a 200 day moving average of $14.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71.

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.