WINTON GROUP Ltd bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 43,000 shares of the oil and gas exploration company’s stock, valued at approximately $695,000.
Other large investors also recently added to or reduced their stakes in the company. Capital International Investors increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 51.6% during the 4th quarter. Capital International Investors now owns 30,637,308 shares of the oil and gas exploration company’s stock worth $363,052,000 after purchasing an additional 10,425,563 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 14.1% in the 4th quarter. Mondrian Investment Partners LTD now owns 12,655,094 shares of the oil and gas exploration company’s stock valued at $149,963,000 after purchasing an additional 1,562,473 shares during the last quarter. Oaktree Capital Management LP acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $126,355,000. Carrhae Capital LLP bought a new stake in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth $87,456,000. Finally, DJE Kapital AG acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth $65,428,000.
Petroleo Brasileiro S.A.- Petrobras Price Performance
NYSE PBR opened at $21.14 on Tuesday. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The company has a fifty day simple moving average of $18.75 and a 200 day simple moving average of $18.96. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a market cap of $136.20 billion, a P/E ratio of 5.34, a P/E/G ratio of 0.83 and a beta of 0.32.
Petroleo Brasileiro S.A.- Petrobras Dividend Announcement
Analysts Set New Price Targets
PBR has been the topic of several recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price objective on Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Finally, Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a research note on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Moderate Buy” and an average target price of $19.48.
Read Our Latest Analysis on PBR
Petroleo Brasileiro S.A.- Petrobras Profile
Petroleo Brasileiro SA, commonly known as Petrobras, is a Brazilian state-controlled, integrated energy company engaged in the exploration, development, production, refining, transportation and marketing of oil and natural gas. The company also produces and sells fuels, lubricants, petrochemical products and other petroleum-derived products.
Petrobras is particularly known for its deepwater and ultra-deepwater operations, including large-scale development of Brazil’s offshore pre-salt oil fields.
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