RWC Asset Advisors US LLC Sells 299,597 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

RWC Asset Advisors US LLC trimmed its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 5.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,216,594 shares of the oil and gas exploration company’s stock after selling 299,597 shares during the period. Petróleo Brasileiro S.A. – Petrobras comprises approximately 13.4% of RWC Asset Advisors US LLC’s holdings, making the stock its 4th biggest holding. RWC Asset Advisors US LLC owned 0.08% of Petróleo Brasileiro S.A. – Petrobras worth $67,085,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PBR. Colonial River Investments LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 66.7% during the fourth quarter. Colonial River Investments LLC now owns 20,135 shares of the oil and gas exploration company’s stock worth $259,000 after buying an additional 8,055 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $1,730,000. Drum Hill Capital LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $1,718,000. North of South Capital LLP raised its stake in Petróleo Brasileiro S.A. – Petrobras by 63.4% in the 4th quarter. North of South Capital LLP now owns 198,360 shares of the oil and gas exploration company’s stock valued at $2,551,000 after purchasing an additional 76,939 shares during the last quarter. Finally, Morningstar Investment Management LLC lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 39.5% in the 4th quarter. Morningstar Investment Management LLC now owns 239,902 shares of the oil and gas exploration company’s stock valued at $3,085,000 after purchasing an additional 67,897 shares in the last quarter.

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

Shares of NYSE:PBR opened at $14.79 on Monday. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $12.55 and a 12-month high of $17.91. The stock’s 50-day moving average price is $13.65 and its two-hundred day moving average price is $14.16. 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 cap of $95.28 billion, a price-to-earnings ratio of 5.78, a PEG ratio of 0.18 and a beta of 1.40.

Wall Street Analysts Forecast Growth

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