ANTIPODES PARTNERS Ltd Decreases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

ANTIPODES PARTNERS Ltd lowered its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 44.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,346 shares of the oil and gas exploration company’s stock after selling 5,109 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $82,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth $141,372,000. Fisher Asset Management LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock valued at $227,961,000 after buying an additional 1,835,297 shares in the last quarter. Annex Advisory Services LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 56.1% during the 4th quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock valued at $19,403,000 after buying an additional 542,118 shares in the last quarter. SG Americas Securities LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 114.4% during the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock valued at $7,449,000 after buying an additional 309,112 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its position in 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 valued at $24,445,000 after buying an additional 265,560 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.3 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $12.65 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The business’s 50-day simple moving average is $13.73 and its two-hundred day simple moving average is $14.03. The company has a market cap of $81.49 billion, a PE ratio of 4.94, a PEG ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.45 and a fifty-two week high of $17.44.

Analyst Upgrades and Downgrades

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

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.