Petroleo Brasileiro S.A.- Petrobras $PBR Shares Newly Bought by MGO One Seven LLC

MGO One Seven LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 3rd quarter, HoldingsChannel reports. The firm bought 35,127 shares of the oil and gas exploration company’s stock, valued at approximately $733,000.

A number of other institutional investors have also added to or reduced their stakes in PBR. Carrhae Capital LLP purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $87,456,000. Timothy G. Youngquist 2020 Irrevocable Trust bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at approximately $1,027,000. Franchise GP Ltd purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the third quarter valued at approximately $17,660,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $12,175,000. Finally, Artemis Investment Management LLP increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 4.2% during the third quarter. Artemis Investment Management LLP now owns 6,643,028 shares of the oil and gas exploration company’s stock valued at $138,640,000 after buying an additional 270,422 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PBR. UBS Group boosted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, September 23rd. Weiss Ratings raised Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Friday, October 30th. Wall Street Zen raised Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 31st. Finally, JPMorgan Chase & Co. upped their price objective on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $20.97.

Petroleo Brasileiro S.A.- Petrobras Stock Down 1.5%

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded down $0.28 on Friday, reaching $18.52. The stock had a trading volume of 17,152,139 shares, compared to its average volume of 28,000,188. The company has a 50 day moving average price of $22.13 and a 200 day moving average price of $19.22. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $26.39. The stock has a market capitalization of $119.34 billion, a P/E ratio of 4.68, a P/E/G ratio of 1.89 and a beta of 0.33.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA, known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States.

Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.

Its operations are centered in Brazil, where it serves energy and fuel markets through its production and downstream businesses.