Atria Investments Inc Cuts Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Atria Investments Inc cut its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 49.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,746 shares of the oil and gas exploration company’s stock after selling 21,254 shares during the period. Atria Investments Inc’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $280,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky grew its stake in Petróleo Brasileiro S.A. – Petrobras by 18.6% in 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 valued at $24,445,000 after acquiring an additional 265,560 shares during the period. Capital Wealth Planning LLC grew its position in shares of Petróleo Brasileiro S.A. – Petrobras by 27.0% in the fourth quarter. Capital Wealth Planning LLC now owns 342,752 shares of the oil and gas exploration company’s stock valued at $4,408,000 after purchasing an additional 72,930 shares during the period. RWC Asset Management LLP increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after purchasing an additional 190,435 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth about $141,372,000. Finally, Ping Capital Management Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 50.7% in the 4th quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock valued at $1,029,000 after buying an additional 26,900 shares in the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 3.5 %

Shares of PBR opened at $13.90 on Tuesday. Petróleo Brasileiro S.A. – Petrobras has a 52-week low of $12.45 and a 52-week high of $17.44. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $13.75 and a two-hundred day simple moving average of $13.98. The company has a market capitalization of $89.54 billion, a PE ratio of 5.43, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39.

Wall Street Analyst Weigh In

PBR has been the subject of several research reports. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Hsbc Global Res upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, March 5th. Two equities research 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

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.