B. Riley Wealth Advisors Inc. Invests $218,000 in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

B. Riley Wealth Advisors Inc. bought a new position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRFree Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 14,113 shares of the oil and gas exploration company’s stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Diversified Trust Co grew its stake in Petróleo Brasileiro S.A. – Petrobras by 35.8% in the 3rd quarter. Diversified Trust Co now owns 51,950 shares of the oil and gas exploration company’s stock worth $779,000 after acquiring an additional 13,700 shares during the period. Creative Planning grew its stake in Petróleo Brasileiro S.A. – Petrobras by 11.3% in the 3rd quarter. Creative Planning now owns 78,301 shares of the oil and gas exploration company’s stock worth $1,174,000 after acquiring an additional 7,956 shares during the period. FineMark National Bank & Trust purchased a new stake in Petróleo Brasileiro S.A. – Petrobras in the 3rd quarter worth approximately $214,000. Penserra Capital Management LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 111.6% in the 3rd quarter. Penserra Capital Management LLC now owns 117,917 shares of the oil and gas exploration company’s stock worth $1,767,000 after acquiring an additional 62,181 shares during the period. Finally, Integrated Wealth Concepts LLC grew its stake in Petróleo Brasileiro S.A. – Petrobras by 11.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 220,104 shares of the oil and gas exploration company’s stock worth $3,299,000 after acquiring an additional 22,686 shares during the period. 11.57% of the stock is owned by hedge funds and other institutional investors.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $14.69 on Monday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. The firm’s fifty day simple moving average is $16.41 and its 200 day simple moving average is $15.73. Petróleo Brasileiro S.A. – Petrobras has a twelve month low of $9.56 and a twelve month high of $17.91.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Bank of America cut shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and set a $16.00 target price for the company. in a research note on Friday, March 8th. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $20.00 to $18.00 in a report on Monday, March 11th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.15.

Check Out Our Latest Research Report on PBR

About Petróleo Brasileiro S.A. – Petrobras

(Free Report)

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.

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

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