Raymond James Financial Services Advisors Inc. Has $1.11 Million Holdings in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Raymond James Financial Services Advisors Inc. raised its stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 19.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 69,561 shares of the oil and gas exploration company’s stock after buying an additional 11,344 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $1,111,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PBR. Raymond James & Associates boosted its position in shares of Petróleo Brasileiro S.A. – Petrobras by 18.2% during the fourth quarter. Raymond James & Associates now owns 89,860 shares of the oil and gas exploration company’s stock worth $1,435,000 after purchasing an additional 13,849 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Petróleo Brasileiro S.A. – Petrobras in the fourth quarter valued at about $543,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 40.4% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 9,901 shares of the oil and gas exploration company’s stock worth $158,000 after acquiring an additional 2,849 shares in the last quarter. Whittier Trust Co. raised its position in shares of Petróleo Brasileiro S.A. – Petrobras by 24.2% during the fourth quarter. Whittier Trust Co. now owns 42,844 shares of the oil and gas exploration company’s stock worth $684,000 after purchasing an additional 8,359 shares during the period. Finally, Grey Street Capital LLC lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 3.4% during the 4th quarter. Grey Street Capital LLC now owns 26,227 shares of the oil and gas exploration company’s stock valued at $439,000 after purchasing an additional 858 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Petróleo Brasileiro S.A. – Petrobras Price Performance

Petróleo Brasileiro S.A. – Petrobras stock opened at $15.72 on Monday. The firm has a 50-day moving average of $16.11 and a 200-day moving average of $15.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.73 and a current ratio of 0.96. Petróleo Brasileiro S.A. – Petrobras has a one year low of $10.01 and a one year high of $17.91.

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

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 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.