NS Partners Ltd Has $2.41 Million Stock Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

NS Partners Ltd trimmed its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,600 shares of the oil and gas exploration company’s stock after selling 3,900 shares during the quarter. NS Partners Ltd’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $2,413,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PBR. Ethos Financial Group LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at $25,000. Tandem Financial LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $39,000. Whipplewood Advisors LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $40,000. Ameliora Wealth Management Ltd. acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter worth approximately $51,000. Finally, Sunbelt Securities Inc. boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 497.5% in the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock valued at $87,000 after acquiring an additional 5,000 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Up 0.9 %

PBR stock opened at $12.97 on Friday. The stock’s 50 day simple moving average is $13.74 and its 200 day simple moving average is $14.08. The company has a market cap of $83.55 billion, a P/E ratio of 5.06, a price-to-earnings-growth ratio of 0.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a research note 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. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research report on Monday, March 3rd. Finally, HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.81.

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.