Capital Wealth Planning LLC Raises Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Capital Wealth Planning LLC increased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 27.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 342,752 shares of the oil and gas exploration company’s stock after purchasing an additional 72,930 shares during the period. Capital Wealth Planning LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $4,408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sonora Investment Management Group LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 6.2% in the fourth quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after acquiring an additional 1,000 shares during the last quarter. Ascent Group LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 8.2% in the third quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock worth $198,000 after acquiring an additional 1,044 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock worth $559,000 after acquiring an additional 1,381 shares during the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 12.6% in the third quarter. OneDigital Investment Advisors LLC now owns 12,549 shares of the oil and gas exploration company’s stock worth $181,000 after acquiring an additional 1,407 shares during the last quarter. Finally, Altman Advisors Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 1.4% in the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company’s stock worth $1,718,000 after acquiring an additional 1,625 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their target price 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras presently has an average rating of “Moderate Buy” and an average target price of $18.24.

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

Shares of NYSE:PBR opened at $13.35 on Friday. The company has a market cap of $86.00 billion, a P/E ratio of 5.21, a PEG ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44. The stock’s fifty day moving average price is $13.74 and its 200-day moving average price is $14.15.

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.