Sapient Capital LLC Makes New $421,000 Investment in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Sapient Capital LLC acquired a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,344 shares of the oil and gas exploration company’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth approximately $62,049,000. RWC Asset Advisors US LLC raised its stake in Petróleo Brasileiro S.A. – Petrobras by 117.2% in the 3rd quarter. RWC Asset Advisors US LLC now owns 5,666,762 shares of the oil and gas exploration company’s stock valued at $84,945,000 after acquiring an additional 3,057,798 shares during the period. Artemis Investment Management LLP raised its stake in Petróleo Brasileiro S.A. – Petrobras by 78.9% in the 3rd quarter. Artemis Investment Management LLP now owns 5,147,860 shares of the oil and gas exploration company’s stock valued at $77,131,000 after acquiring an additional 2,269,946 shares during the period. Two Sigma Investments LP lifted its holdings in Petróleo Brasileiro S.A. – Petrobras by 1,412.1% during the 1st quarter. Two Sigma Investments LP now owns 2,315,038 shares of the oil and gas exploration company’s stock valued at $24,146,000 after purchasing an additional 2,161,938 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter worth $31,479,000.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of NYSE:PBR opened at $15.72 on Monday. The business’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $15.78. Petróleo Brasileiro S.A. – Petrobras has a 1 year low of $10.01 and a 1 year high of $17.91. 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 released its earnings results on Friday, March 8th. The oil and gas exploration company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.15. The company had revenue of $27.11 billion for the quarter, compared to analyst estimates 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, sell-side analysts anticipate that Petróleo Brasileiro S.A. – Petrobras will post 3.51 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PBR. Morgan Stanley lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 11th. Bank of America downgraded shares of 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 report on Friday, March 8th. HSBC raised Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, March 25th. Finally, UBS Group lifted their price target on Petróleo Brasileiro S.A. – Petrobras from $17.20 to $17.40 and gave the stock a “buy” rating in a report on Monday, March 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, 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.