Phoenix Holdings Ltd. Makes New $184,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Phoenix Holdings Ltd. bought a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 27,876 shares of the oil and gas exploration company’s stock, valued at approximately $184,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth approximately $12,811,000. Victory Capital Management Inc. lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 20.2% in the 2nd quarter. Victory Capital Management Inc. now owns 2,371,326 shares of the oil and gas exploration company’s stock worth $19,611,000 after buying an additional 399,028 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 829.3% in the 2nd quarter. HighTower Advisors LLC now owns 188,963 shares of the oil and gas exploration company’s stock worth $1,561,000 after buying an additional 168,628 shares in the last quarter. Cresset Asset Management LLC acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the 2nd quarter worth $86,000. Finally, First Trust Advisors LP lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 83.1% in the 2nd quarter. First Trust Advisors LP now owns 125,757 shares of the oil and gas exploration company’s stock worth $1,040,000 after buying an additional 57,091 shares in the last quarter. 9.51% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:PBR opened at $9.07 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.40 and a debt-to-equity ratio of 1.76. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $4.01 and a fifty-two week high of $16.30. The firm has a 50-day simple moving average of $7.42 and a 200 day simple moving average of $7.97. The company has a market cap of $59.16 billion, a PE ratio of 7.69 and a beta of 1.81.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last announced its quarterly earnings data on Saturday, November 7th. The oil and gas exploration company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.20. Petróleo Brasileiro S.A. – Petrobras had a negative net margin of 8.89% and a negative return on equity of 2.11%. As a group, research analysts forecast that Petróleo Brasileiro S.A. – Petrobras will post -0.49 EPS for the current fiscal year.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras produce and sells oil and gas in Brazil and internationally. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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Institutional Ownership by Quarter for Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

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