Rakuten Securities Inc. Takes $598,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Rakuten Securities Inc. purchased a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,465 shares of the oil and gas exploration company’s stock, valued at approximately $598,000.

Several other hedge funds have also recently modified their holdings of PBR. Harbour Investments Inc. purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the first quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Petróleo Brasileiro S.A. – Petrobras by 83.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,577 shares of the oil and gas exploration company’s stock valued at $30,000 after acquiring an additional 1,169 shares during the last quarter. Janiczek Wealth Management LLC increased its position in Petróleo Brasileiro S.A. – Petrobras by 49.9% during the third quarter. Janiczek Wealth Management LLC now owns 2,756 shares of the oil and gas exploration company’s stock valued at $41,000 after acquiring an additional 918 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $41,000. Finally, Sound Income Strategies LLC purchased a new stake in Petróleo Brasileiro S.A. – Petrobras during the fourth quarter valued at $45,000.

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

Shares of NYSE:PBR traded down $0.14 during trading on Wednesday, hitting $15.65. The company had a trading volume of 16,355,779 shares, compared to its average volume of 20,550,480. Petróleo Brasileiro S.A. – Petrobras has a one year low of $10.01 and a one year high of $17.91. The company has a fifty day simple moving average of $16.05 and a two-hundred day simple moving average of $15.79. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.96 and a quick ratio of 0.73.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) last posted its quarterly earnings data on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.15. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 34.44% and a net margin of 24.30%. The business had revenue of $27.11 billion during the quarter, compared to analyst estimates of $26.45 billion. Equities research analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on PBR shares. UBS Group upped their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a research report on Monday, March 25th. HSBC upgraded Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Monday, March 25th. Bank of America lowered Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Friday, March 8th. Finally, Morgan Stanley lowered Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note on Monday, March 11th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $16.76.

Petróleo Brasileiro S.A. – Petrobras Profile

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. It also 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.