Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the target of some unusual options trading activity on Wednesday. Traders acquired 11,915 call options on the company. This is an increase of approximately 108% compared to the average volume of 5,739 call options.

Hedge funds and other institutional investors have recently modified their holdings of the company. IHT Wealth Management LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $103,000. D.A. Davidson & CO. lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 276.6% in the 2nd 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 period. Oppenheimer & Co. Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth approximately $110,000. Jacobi Capital Management LLC lifted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 585.5% in the 1st 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 period. Finally, Fox Run Management L.L.C. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth approximately $118,000. Hedge funds and other institutional investors own 5.70% of the company’s stock.

A number of analysts recently weighed in on PBR shares. Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 target price on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG raised shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Credit Suisse Group reaffirmed a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, September 15th. ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub raised shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.96.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) opened at 10.32 on Friday. The firm has a 50-day moving average of $9.78 and a 200 day moving average of $9.06. The company’s market cap is $67.31 billion. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $12.56.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

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