Altman Advisors Inc. Purchases 4,032 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Altman Advisors Inc. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,928 shares of the oil and gas exploration company’s stock after acquiring an additional 4,032 shares during the quarter. Altman Advisors Inc.’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $1,648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Preservation Advisors LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the first quarter valued at about $34,000. Chung Wu Investment Group LLC bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $31,000. Whipplewood Advisors LLC increased its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 45.7% in the second quarter. Whipplewood Advisors LLC now owns 2,875 shares of the oil and gas exploration company’s stock valued at $36,000 after buying an additional 902 shares during the period. Redwood Park Advisors LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 95.6% in the 1st quarter. Redwood Park Advisors LLC now owns 3,703 shares of the oil and gas exploration company’s stock valued at $53,000 after buying an additional 1,810 shares during the last quarter. Finally, Sachetta LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 142.9% in the 2nd quarter. Sachetta LLC now owns 5,100 shares of the oil and gas exploration company’s stock valued at $64,000 after buying an additional 3,000 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. UBS Group reduced their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $15.80 to $14.40 and set a “buy” rating on the stock in a report on Friday, August 22nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 8th. Wall Street Zen downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Zacks Research lowered Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.43.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

PBR stock opened at $12.87 on Monday. The firm has a market cap of $82.91 billion, a PE ratio of 6.01 and a beta of 0.83. The company has a current ratio of 0.72, a quick ratio of 0.47 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average price of $12.28 and a 200-day moving average price of $12.23. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $15.10.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its earnings results on Thursday, November 6th. The oil and gas exploration company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.79 by $0.03. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 34.11% and a net margin of 15.99%.The company had revenue of $23.48 billion for the quarter, compared to analyst estimates of $125.50 billion. As a group, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

About Petroleo Brasileiro S.A.- Petrobras

Petróleo Brasileiro SA – Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.