Harel Insurance Investments & Financial Services Ltd. Has $53,000 Position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Posted by on Apr 9th, 2023

Harel Insurance Investments & Financial Services Ltd. lessened its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Get Rating) by 28.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,000 shares of the oil and gas exploration company’s stock after selling 2,000 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Petróleo Brasileiro S.A. – Petrobras were worth $53,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of PBR. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 83.0% in 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 purchasing an additional 1,169 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in Petróleo Brasileiro S.A. – Petrobras during the 4th quarter worth about $32,000. Huntington National Bank boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 56.0% during the 3rd quarter. Huntington National Bank now owns 3,231 shares of the oil and gas exploration company’s stock worth $40,000 after buying an additional 1,160 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Petróleo Brasileiro S.A. – Petrobras in the third quarter valued at about $49,000. Finally, Federated Hermes Inc. raised its holdings 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 worth $50,000 after acquiring an additional 861 shares in the last quarter. Institutional investors own 12.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Bradesco Corretora lowered Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to a “neutral” rating in a research report on Tuesday, December 13th. StockNews.com began coverage on shares of Petróleo Brasileiro S.A. – Petrobras in a research note on Thursday, March 16th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group dropped their target price on shares of Petróleo Brasileiro S.A. – Petrobras from $13.60 to $11.00 and set a “neutral” rating on the stock in a report on Wednesday, December 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $14.00.

Petróleo Brasileiro S.A. – Petrobras Price Performance

NYSE:PBR opened at $10.69 on Friday. The company has a market cap of $69.72 billion, a P/E ratio of 1.91, a P/E/G ratio of 1.76 and a beta of 1.37. The firm’s fifty day moving average price is $10.87 and its two-hundred day moving average price is $11.50. Petróleo Brasileiro S.A. – Petrobras has a one year low of $8.88 and a one year high of $16.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.00 and a quick ratio of 0.72.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR – Get Rating) last announced its quarterly earnings results on Thursday, March 2nd. The oil and gas exploration company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.15. The business had revenue of $30.17 billion for the quarter, compared to analyst estimates of $31.03 billion. Petróleo Brasileiro S.A. – Petrobras had a net margin of 29.42% and a return on equity of 44.48%. Equities analysts expect that Petróleo Brasileiro S.A. – Petrobras will post 3.23 earnings per share for the current year.

Petróleo Brasileiro S.A. – Petrobras Company Profile

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Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Gas and Power; and Corporate and Other Business. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production.

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

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