NS Partners Ltd reduced its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) by 62.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 297,413 shares of the oil and gas exploration company’s stock after selling 487,400 shares during the period. NS Partners Ltd’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $4,806,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 11,680 shares during the last quarter. Focus Partners Wealth increased its holdings in Petroleo Brasileiro S.A.- Petrobras by 7.0% in the 1st quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after buying an additional 1,356 shares in the last quarter. Cresset Asset Management LLC raised its position in Petroleo Brasileiro S.A.- Petrobras by 55.9% in the 2nd quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock worth $201,000 after buying an additional 5,624 shares during the last quarter. NewEdge Advisors LLC lifted its stake in Petroleo Brasileiro S.A.- Petrobras by 797.8% during the 2nd quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock valued at $235,000 after acquiring an additional 16,699 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 35.0% during the 2nd quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock valued at $674,000 after acquiring an additional 13,988 shares during the last quarter.
Petroleo Brasileiro S.A.- Petrobras Price Performance
Shares of Petroleo Brasileiro S.A.- Petrobras stock opened at $19.34 on Tuesday. The stock has a market cap of $124.63 billion, a P/E ratio of 4.88, a P/E/G ratio of 0.73 and a beta of 0.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.58 and a current ratio of 0.85. The stock’s fifty day moving average is $17.86 and its 200 day moving average is $18.60. Petroleo Brasileiro S.A.- Petrobras has a one year low of $11.43 and a one year high of $22.24.
Petroleo Brasileiro S.A.- Petrobras Announces Dividend
Wall Street Analysts Forecast Growth
PBR has been the topic of several research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. lowered their target price on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.28.
Check Out Our Latest Stock Report on Petroleo Brasileiro S.A.- Petrobras
Petroleo Brasileiro S.A.- Petrobras Company Profile
Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.
Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.
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