Retirement Planning Co of New England Inc. Acquires 1,855 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Retirement Planning Co of New England Inc. boosted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 7.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,238 shares of the oil and gas exploration company’s stock after buying an additional 1,855 shares during the period. Retirement Planning Co of New England Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $363,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PBR. Sumitomo Mitsui Trust Group Inc. boosted its stake in Petróleo Brasileiro S.A. – Petrobras by 68.6% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 22,612 shares of the oil and gas exploration company’s stock valued at $326,000 after buying an additional 9,200 shares during the period. OneDigital Investment Advisors LLC lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 12.6% during 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 purchasing an additional 1,407 shares during the last quarter. West Family Investments Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 8.9% during the third quarter. West Family Investments Inc. now owns 21,933 shares of the oil and gas exploration company’s stock worth $316,000 after purchasing an additional 1,790 shares during the last quarter. Altman Advisors Inc. lifted its stake in Petróleo Brasileiro S.A. – Petrobras by 1.4% during the third quarter. Altman Advisors Inc. now owns 119,238 shares of the oil and gas exploration company’s stock worth $1,718,000 after purchasing an additional 1,625 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $994,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Hsbc Global Res raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. StockNews.com lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, March 3rd. Finally, HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.81.

Petróleo Brasileiro S.A. – Petrobras Stock Up 3.5 %

PBR opened at $13.90 on Tuesday. The company has a market cap of $89.54 billion, a P/E ratio of 5.43, a P/E/G ratio of 0.18 and a beta of 1.39. The business’s 50-day moving average price is $13.75 and its 200-day moving average price is $13.98. The company has a current ratio of 0.94, a quick ratio of 0.71 and a debt-to-equity ratio of 0.65. Petróleo Brasileiro S.A. – Petrobras has a 12 month low of $12.45 and a 12 month 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.