Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. lessened its position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,117 shares of the oil and gas exploration company’s stock after selling 1,139 shares during the quarter. Henry James International Management Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $220,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PBR. Rosenberg Matthew Hamilton lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% during the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 945 shares during the period. Sonora Investment Management Group LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 6.2% during the 4th quarter. Sonora Investment Management Group LLC now owns 17,070 shares of the oil and gas exploration company’s stock worth $220,000 after buying an additional 1,000 shares during the last quarter. Ascent Group LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.2% during the 3rd quarter. Ascent Group LLC now owns 13,722 shares of the oil and gas exploration company’s stock valued at $198,000 after acquiring an additional 1,044 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 43,486 shares of the oil and gas exploration company’s stock valued at $559,000 after acquiring an additional 1,381 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased 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 period.

Wall Street Analyst Weigh In

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

Petróleo Brasileiro S.A. – Petrobras Stock Performance

PBR opened at $13.35 on Friday. The firm has a fifty day moving average price of $13.74 and a 200 day moving average price of $14.15. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $12.55 and a 1 year high of $17.44. The stock has a market cap of $86.00 billion, a P/E ratio of 5.21, a P/E/G 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 Company 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.