Colonial River Investments LLC Has $259,000 Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Colonial River Investments LLC grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 66.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,135 shares of the oil and gas exploration company’s stock after buying an additional 8,055 shares during the period. Colonial River Investments LLC’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Fisher Asset Management LLC boosted its holdings in 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 worth $227,961,000 after buying an additional 1,835,297 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $141,372,000. Perpetual Ltd boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 5.2% during the fourth quarter. Perpetual Ltd now owns 3,315,957 shares of the oil and gas exploration company’s stock worth $42,643,000 after buying an additional 163,668 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its holdings in Petróleo Brasileiro S.A. – Petrobras by 18.6% during the third 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. Finally, Annex Advisory Services LLC boosted its holdings in 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 worth $19,403,000 after buying an additional 542,118 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Down 1.5 %

PBR stock opened at $14.55 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $93.73 billion, a PE ratio of 5.68, a PEG ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $12.55 and a 1-year high of $17.91. The business’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $14.16.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their price objective on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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.