Cape Ann Asset Management Ltd Boosts Stock Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Cape Ann Asset Management Ltd boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 30.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 454,611 shares of the oil and gas exploration company’s stock after purchasing an additional 106,701 shares during the quarter. Petróleo Brasileiro S.A. – Petrobras makes up about 3.4% of Cape Ann Asset Management Ltd’s investment portfolio, making the stock its 8th biggest position. Cape Ann Asset Management Ltd’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $5,383,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PBR. Tandem Financial LLC acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth about $39,000. Whipplewood Advisors LLC purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at approximately $40,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the fourth quarter worth approximately $51,000. Sunbelt Securities Inc. increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 497.5% during the third quarter. Sunbelt Securities Inc. now owns 6,005 shares of the oil and gas exploration company’s stock worth $87,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Activest Wealth Management increased its position in shares of Petróleo Brasileiro S.A. – Petrobras by 67.9% during the third quarter. Activest Wealth Management now owns 6,430 shares of the oil and gas exploration company’s stock worth $93,000 after purchasing an additional 2,600 shares in the last quarter.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday. The Goldman Sachs Group increased their target price on Petróleo Brasileiro S.A. – Petrobras from $15.40 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Petróleo Brasileiro S.A. – Petrobras currently has a consensus rating of “Moderate Buy” and an average price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Petróleo Brasileiro S.A. – Petrobras stock opened at $13.15 on Tuesday. 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 fifty day moving average of $13.74 and a two-hundred day moving average of $14.13. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 5.14, a PEG ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.44.

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.