Bp Plc boosted its position in PETROLEO BRASIL/ADR (NYSE:PBR) by 64.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 809,792 shares of the oil and gas exploration company’s stock after acquiring an additional 316,519 shares during the quarter. Bp Plc’s holdings in PETROLEO BRASIL/ADR were worth $10,527,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Capital Growth Management LP increased its holdings in PETROLEO BRASIL/ADR by 28.0% in the third quarter. Capital Growth Management LP now owns 8,000,000 shares of the oil and gas exploration company’s stock valued at $96,560,000 after buying an additional 1,750,000 shares during the last quarter. Bamco Inc. NY boosted its position in shares of PETROLEO BRASIL/ADR by 14.9% during the third quarter. Bamco Inc. NY now owns 7,912,703 shares of the oil and gas exploration company’s stock worth $95,506,000 after buying an additional 1,026,622 shares during the period. Axiom International Investors LLC DE boosted its position in shares of PETROLEO BRASIL/ADR by 137.5% during the third quarter. Axiom International Investors LLC DE now owns 4,999,257 shares of the oil and gas exploration company’s stock worth $60,341,000 after buying an additional 2,894,657 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of PETROLEO BRASIL/ADR during the third quarter worth approximately $48,728,000. Finally, Acadian Asset Management LLC boosted its position in shares of PETROLEO BRASIL/ADR by 2,379.9% during the third quarter. Acadian Asset Management LLC now owns 2,438,058 shares of the oil and gas exploration company’s stock worth $29,427,000 after buying an additional 2,339,747 shares during the period. Hedge funds and other institutional investors own 6.68% of the company’s stock.
Several brokerages recently commented on PBR. Credit Suisse Group reissued a “hold” rating and set a $15.00 target price on shares of PETROLEO BRASIL/ADR in a report on Thursday, January 31st. ValuEngine raised PETROLEO BRASIL/ADR from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research raised PETROLEO BRASIL/ADR from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Barclays cut PETROLEO BRASIL/ADR from an “overweight” rating to an “underweight” rating and set a $17.00 target price on the stock. in a report on Thursday, January 10th. Finally, UBS Group raised PETROLEO BRASIL/ADR from a “market perform” rating to an “outperform” rating in a report on Monday, November 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $16.48.
NYSE PBR opened at $16.26 on Thursday. The firm has a market capitalization of $105.66 billion, a price-to-earnings ratio of 23.23 and a beta of 1.60. PETROLEO BRASIL/ADR has a 1 year low of $9.02 and a 1 year high of $17.20. The company has a current ratio of 1.60, a quick ratio of 1.18 and a debt-to-equity ratio of 1.14.
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PETROLEO BRASIL/ADR Company Profile
PetrÃ³leo Brasileiro SA – Petrobras operates in the oil, natural gas, and energy industries. The company's Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of surplus crude oil and oil products produced in the natural gas processing plants to the domestic and international markets.
Further Reading: Stock Split
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