HighTower Advisors LLC decreased its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 12.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 411,457 shares of the oil and gas exploration company’s stock after selling 56,776 shares during the quarter. HighTower Advisors LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,290,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in PBR. Acadian Asset Management LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 955.6% during the second quarter. Acadian Asset Management LLC now owns 4,066,630 shares of the oil and gas exploration company’s stock valued at $32,491,000 after acquiring an additional 3,681,383 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $15,022,000. Balyasny Asset Management LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $11,825,000. Glen Point Capital LLP boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 92.5% during the second quarter. Glen Point Capital LLP now owns 1,895,300 shares of the oil and gas exploration company’s stock valued at $15,143,000 after acquiring an additional 910,833 shares during the period. Finally, Airain ltd acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at $4,094,000. 5.70% of the stock is owned by institutional investors.

Shares of 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 one year low of $7.61 and a one year high of $12.56. The firm’s market capitalization is $67.83 billion. Petroleo Brasileiro S.A.- Petrobras also was the target of some unusual options trading on Wednesday. Traders purchased 11,915 call options on the stock. This represents an increase of approximately 108% compared to the average volume of 5,739 call options.

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Several equities research analysts recently weighed in on the stock. Barclays PLC reaffirmed an “underweight” rating and issued a $8.00 price objective on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday. TheStreet raised shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. ValuEngine downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $10.69.

Petroleo Brasileiro S.A.- Petrobras Company Profile

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

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