MGO One Seven LLC Purchases New Position in Petroleo Brasileiro S.A.- Petrobras $PBR

MGO One Seven LLC acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 35,127 shares of the oil and gas exploration company’s stock, valued at approximately $733,000.

A number of other hedge funds have also added to or reduced their stakes in PBR. Ameritas Advisory Services LLC purchased a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter worth about $31,000. Ascentis Independent Advisors purchased a new stake in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth $51,000. NFSG Corp raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 153.8% during the third quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock valued at $86,000 after acquiring an additional 2,500 shares during the period. GK Wealth Management LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter worth about $97,000. Finally, Vestor Capital LLC bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the first quarter worth about $119,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PBR. JPMorgan Chase & Co. boosted their price objective on shares of Petroleo Brasileiro S.A.- Petrobras from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Weiss Ratings upgraded Petroleo Brasileiro S.A.- Petrobras from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Zacks Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 30th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 31st. Finally, UBS Group boosted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Buy” and a consensus target price of $20.97.

Petroleo Brasileiro S.A.- Petrobras Trading Down 1.5%

Shares of Petroleo Brasileiro S.A.- Petrobras stock traded down $0.28 on Friday, hitting $18.52. 17,152,139 shares of the company traded hands, compared to its average volume of 28,000,188. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. The company has a market cap of $119.34 billion, a PE ratio of 4.68, a PEG ratio of 1.89 and a beta of 0.33. The stock’s 50 day moving average price is $22.13 and its 200-day moving average price is $19.22. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.43 and a 52 week high of $26.39.

Petroleo Brasileiro S.A.- Petrobras Profile

Petróleo Brasileiro SA, known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States.

Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.

Its operations are centered in Brazil, where it serves energy and fuel markets through its production and downstream businesses.