Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,486 shares of the oil and gas exploration company’s stock after acquiring an additional 1,381 shares during the quarter. Principal Financial Group Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $559,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PBR. Tandem Financial LLC purchased a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $39,000. Ameliora Wealth Management Ltd. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth approximately $51,000. Sunbelt Securities Inc. grew its stake in Petróleo Brasileiro S.A. – Petrobras by 497.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after buying an additional 5,000 shares during the last quarter. Activest Wealth Management increased its position in Petróleo Brasileiro S.A. – Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after buying an additional 2,600 shares during the period. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at approximately $99,000.

Analyst Ratings Changes

PBR has been the topic of a number of research reports. The Goldman Sachs Group raised their target price 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. Hsbc Global Res raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. HSBC raised shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday. Finally, StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a report on Monday. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.0 %

Shares of NYSE:PBR opened at $12.85 on Friday. The company has a market cap of $82.78 billion, a price-to-earnings ratio of 5.02, a PEG ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The firm’s 50-day simple moving average is $13.73 and its 200-day simple moving average is $14.10. The company has a quick ratio of 0.71, a current ratio of 0.94 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.