Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 8.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 97,933 shares of the oil and gas exploration company’s stock after selling 9,151 shares during the period. Sanctuary Advisors LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,384,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Rakuten Securities Inc. lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 58.2% during the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock worth $1,623,000 after buying an additional 41,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky lifted its position in shares of 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 worth $24,445,000 after buying an additional 265,560 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $141,372,000. Ping Capital Management Inc. lifted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 50.7% during the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after buying an additional 26,900 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $877,000.

Petróleo Brasileiro S.A. – Petrobras Stock Down 0.8 %

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $14.44 on Wednesday. The company has a market cap of $93.02 billion, a P/E ratio of 5.64, a PEG ratio of 0.18 and a beta of 1.40. 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 one year low of $12.55 and a one year high of $17.91. The firm has a fifty day moving average of $13.69 and a two-hundred day moving average of $14.16.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Moderate Buy” and an average target price of $18.24.

Petróleo Brasileiro S.A. – Petrobras 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.