Aperio Group LLC raised its stake in shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) by 14.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 514,813 shares of the oil and gas exploration company’s stock after buying an additional 65,796 shares during the period. Aperio Group LLC’s holdings in Petroleo Brasileiro SA – Petrobras were worth $4,803,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Eqis Capital Management Inc. raised its position in Petroleo Brasileiro SA – Petrobras by 18.6% in the second quarter. Eqis Capital Management Inc. now owns 15,354 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,410 shares during the last quarter. Wetherby Asset Management Inc. raised its position in Petroleo Brasileiro SA – Petrobras by 39.4% in the second quarter. Wetherby Asset Management Inc. now owns 15,996 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 4,521 shares during the last quarter. Creative Planning raised its position in Petroleo Brasileiro SA – Petrobras by 1.8% in the third quarter. Creative Planning now owns 18,717 shares of the oil and gas exploration company’s stock valued at $175,000 after buying an additional 335 shares during the last quarter. Candriam Luxembourg S.C.A. raised its position in Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,670 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 450 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Private Advisor Group LLC now owns 28,895 shares of the oil and gas exploration company’s stock valued at $202,000 after buying an additional 472 shares during the last quarter. 6.09% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Petroleo Brasileiro SA - Petrobras (NYSE:PBR)

Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 10.36% during trading on Wednesday, reaching $10.87. 42,371,266 shares of the company’s stock traded hands. The company has a 50 day moving average of $10.96 and a 200-day moving average of $8.81. Petroleo Brasileiro SA – Petrobras has a 1-year low of $2.71 and a 1-year high of $12.56. The company’s market capitalization is $70.90 billion.

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Several research analysts have recently commented on PBR shares. Vetr raised shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.84 price objective for the company in a research note on Monday, September 26th. HSBC upgraded shares of Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a research note on Thursday, September 8th. Citigroup Inc. upgraded shares of Petroleo Brasileiro SA – Petrobras from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $7.80 to $12.00 in a research note on Wednesday, October 5th. Barclays PLC reiterated an “equal weight” rating and issued a $11.00 price target on shares of Petroleo Brasileiro SA – Petrobras in a research note on Thursday, November 10th. Finally, Zacks Investment Research downgraded shares of Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a research note on Thursday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.05.

About Petroleo Brasileiro SA – Petrobras

Petroleo Brasileiro SA-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons.

5 Day Chart for NYSE:PBR

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