Whipplewood Advisors LLC Makes New $40,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Whipplewood Advisors LLC acquired a new stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,127 shares of the oil and gas exploration company’s stock, valued at approximately $40,000.

A number of other institutional investors have also recently made changes to their positions in PBR. Rakuten Securities Inc. raised its holdings in Petróleo Brasileiro S.A. – Petrobras by 58.2% during the 3rd quarter. Rakuten Securities Inc. now owns 112,624 shares of the oil and gas exploration company’s stock valued at $1,623,000 after buying an additional 41,447 shares during the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of 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 valued at $24,445,000 after acquiring an additional 265,560 shares during the last quarter. RWC Asset Management LLP boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 9.8% during the fourth quarter. RWC Asset Management LLP now owns 2,142,912 shares of the oil and gas exploration company’s stock worth $27,558,000 after purchasing an additional 190,435 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $141,372,000. Finally, Ping Capital Management Inc. grew its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 50.7% in the fourth quarter. Ping Capital Management Inc. now owns 80,000 shares of the oil and gas exploration company’s stock worth $1,029,000 after purchasing an additional 26,900 shares during the last quarter.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.35 on Friday. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44. The stock’s 50 day simple moving average is $13.74 and its two-hundred day simple moving average is $14.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The stock has a market cap of $86.00 billion, a price-to-earnings ratio of 5.21, a PEG ratio of 0.18 and a beta of 1.40.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upped their price target on 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 analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Petróleo Brasileiro S.A. – Petrobras currently has an average rating of “Moderate Buy” and a consensus target price of $18.24.

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.