Atria Wealth Solutions Inc. Boosts Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Atria Wealth Solutions Inc. boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 87.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,336 shares of the oil and gas exploration company’s stock after buying an additional 9,962 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $275,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Fisher Asset Management LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 13.1% during the third quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company’s stock worth $227,961,000 after buying an additional 1,835,297 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $141,372,000. Perpetual Ltd boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after buying an additional 163,668 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 18.6% during 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 worth $24,445,000 after buying an additional 265,560 shares during the period. Finally, Annex Advisory Services LLC boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 56.1% during the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company’s stock worth $19,403,000 after buying an additional 542,118 shares during the period.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted 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 note on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.2 %

NYSE:PBR opened at $13.35 on Friday. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $12.55 and a twelve month high of $17.44. The company has a market cap of $86.00 billion, a price-to-earnings ratio of 5.21, a price-to-earnings-growth ratio of 0.18 and a beta of 1.40. The stock has a fifty day simple moving average of $13.74 and a 200-day simple moving average of $14.15. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65.

About Petróleo Brasileiro S.A. – Petrobras

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.