Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) saw unusually large options trading on Thursday. Stock traders acquired 3,043 put options on the company. This is an increase of approximately 271% compared to the average daily volume of 821 put options.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) opened at 7.75 on Friday. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $6.24 and a 52-week high of $12.56. The stock’s market capitalization is $50.55 billion. The stock has a 50 day moving average price of $8.90 and a 200-day moving average price of $9.80.

PBR has been the subject of a number of analyst reports. Credit Suisse Group set a $12.00 price target on Petroleo Brasileiro S.A.- Petrobras and gave the stock a “buy” rating in a report on Tuesday, June 6th. ValuEngine raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. HSBC Holdings plc upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. Societe Generale upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. Finally, Zacks Investment Research upgraded Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Tuesday, March 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. Petroleo Brasileiro S.A.- Petrobras currently has an average rating of “Hold” and an average price target of $10.97.

Several hedge funds and other institutional investors have recently modified their holdings of PBR. Gould Asset Management LLC CA increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.3% in the first quarter. Gould Asset Management LLC CA now owns 17,668 shares of the oil and gas exploration company’s stock valued at $171,000 after buying an additional 235 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% in the first quarter. Private Advisor Group LLC now owns 33,507 shares of the oil and gas exploration company’s stock valued at $328,000 after buying an additional 328 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.1% in the fourth quarter. Wetherby Asset Management Inc. now owns 26,259 shares of the oil and gas exploration company’s stock valued at $265,000 after buying an additional 1,734 shares in the last quarter. Ayalon Holdings Ltd. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 29.2% in the third quarter. Ayalon Holdings Ltd. now owns 15,500 shares of the oil and gas exploration company’s stock valued at $145,000 after buying an additional 3,500 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 22.6% in the first quarter. Candriam Luxembourg S.C.A. now owns 22,585 shares of the oil and gas exploration company’s stock valued at $219,000 after buying an additional 4,160 shares in the last quarter. Hedge funds and other institutional investors own 6.21% of the company’s stock.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

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