Wealth Alliance Sells 5,077 Shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Wealth Alliance trimmed its stake in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRFree Report) by 19.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,351 shares of the oil and gas exploration company’s stock after selling 5,077 shares during the period. Wealth Alliance’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $320,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. purchased a new position in Petróleo Brasileiro S.A. – Petrobras during the first quarter valued at $29,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake 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 in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in Petróleo Brasileiro S.A. – Petrobras during the third quarter valued at $41,000. Janiczek Wealth Management LLC lifted 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 purchasing an additional 918 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Petróleo Brasileiro S.A. – Petrobras by 34.3% during the first quarter. Federated Hermes Inc. now owns 3,368 shares of the oil and gas exploration company’s stock valued at $50,000 after purchasing an additional 861 shares during the last quarter. 11.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Petróleo Brasileiro S.A. – Petrobras from a “hold” rating to a “buy” rating in a research report on Tuesday, November 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.96.

View Our Latest Stock Report on PBR

Petróleo Brasileiro S.A. – Petrobras Trading Down 0.3 %

Petróleo Brasileiro S.A. – Petrobras stock opened at $17.19 on Monday. The firm has a 50-day moving average price of $16.01 and a 200-day moving average price of $15.26. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.70 and a current ratio of 0.95. Petróleo Brasileiro S.A. – Petrobras has a 12-month low of $9.56 and a 12-month high of $17.76.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Free Report) last released its earnings results on Friday, November 10th. The oil and gas exploration company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.04). The firm had revenue of $25.55 billion during the quarter, compared to the consensus estimate of $27.46 billion. Petróleo Brasileiro S.A. – Petrobras had a return on equity of 35.31% and a net margin of 25.48%. Research analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.94 EPS for the current year.

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.

Further Reading

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

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