Banco Santander S.A. Increases Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Banco Santander S.A. grew its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 21.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,782 shares of the oil and gas exploration company’s stock after buying an additional 23,709 shares during the quarter. Banco Santander S.A.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,733,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $141,372,000. Fisher Asset Management LLC boosted its stake in shares of 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 valued at $227,961,000 after acquiring an additional 1,835,297 shares during the last quarter. Annex Advisory Services LLC boosted its stake in shares of 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 valued at $19,403,000 after acquiring an additional 542,118 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 114.4% during the fourth quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company’s stock valued at $7,449,000 after acquiring an additional 309,112 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted 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 worth $24,445,000 after buying an additional 265,560 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PBR. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. The Goldman Sachs Group raised their price target on 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. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note 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 on the stock in a research note on Wednesday, March 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average target price of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE PBR opened at $12.97 on Monday. The firm has a market capitalization of $83.55 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.18 and a beta of 1.39. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.44. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The business’s 50-day simple moving average is $13.74 and its 200-day simple moving average is $14.07.

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.