Moneda S.A. Administradora General de Fondos Has $11.16 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Moneda S.A. Administradora General de Fondos lowered its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 868,082 shares of the oil and gas exploration company’s stock after selling 500,667 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up approximately 11.6% of Moneda S.A. Administradora General de Fondos’ investment portfolio, making the stock its 3rd largest position. Moneda S.A. Administradora General de Fondos’ holdings in Petróleo Brasileiro S.A. – Petrobras were worth $11,164,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PBR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter worth about $141,372,000. Fisher Asset Management LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 13.1% in the third 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 during the period. Annex Advisory Services LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 56.1% in the fourth 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 during the period. SG Americas Securities LLC increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% in the fourth 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 during the period. Finally, Teachers Retirement System of The State of Kentucky increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 18.6% in 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 valued at $24,445,000 after buying an additional 265,560 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PBR. StockNews.com downgraded Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group upped their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $13.15 on Tuesday. The company has a market capitalization of $84.74 billion, a PE ratio of 5.14, a P/E/G ratio of 0.18 and a beta of 1.40. The company has a 50 day simple moving average of $13.74 and a two-hundred day simple moving average of $14.13. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44.

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.