Balyasny Asset Management LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,480,009 shares of the oil and gas exploration company’s stock, valued at approximately $11,825,000.

A number of other institutional investors have also recently added to or reduced their stakes in PBR. D.A. Davidson & CO. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 276.6% during the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after purchasing an additional 9,843 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $110,000. Jacobi Capital Management LLC boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 585.5% during the first quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock worth $113,000 after purchasing an additional 9,895 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $118,000. Finally, Eqis Capital Management Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.5% during the second quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock worth $128,000 after purchasing an additional 1,262 shares during the last quarter. Institutional investors and hedge funds own 5.70% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 10.40 on Thursday. The firm has a 50-day moving average of $9.67 and a 200-day moving average of $9.04. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $7.61 and a 1-year high of $12.56. The stock’s market capitalization is $67.83 billion. Petroleo Brasileiro S.A.- Petrobras also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 11,915 call options on the company. This is an increase of approximately 108% compared to the average volume of 5,739 call options.

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Several research analysts recently weighed in on the stock. Raymond James Financial, Inc. restated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. Barclays PLC restated an “underweight” rating and set a $8.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. Credit Suisse Group restated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, September 15th. ValuEngine upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. Petroleo Brasileiro S.A.- Petrobras presently has an average rating of “Hold” and a consensus target price of $10.69.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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

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