Today: Today, 236,400 Shares of Petroleo Brasileiro SA – Petrobras (PBR) are sold by Quantitative Investment Management LLC

Today, 236,400 Shares of Petroleo Brasileiro SA – Petrobras (PBR) are sold by Quantitative Investment Management LLC

Quantitative Investment Management LLC cut its stake in shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) by 66.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 116,700 shares of the oil and gas exploration company’s stock after selling 236,400 shares during the period. Quantitative Investment Management LLC’s holdings in Petroleo Brasileiro SA – Petrobras were worth $1,088,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PBR. Eqis Capital Management Inc. boosted 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 in the last quarter. Wetherby Asset Management Inc. boosted 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 in the last quarter. Creative Planning boosted 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 in the last quarter. Candriam Luxembourg S.C.A. boosted 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 in the last quarter. Finally, Private Advisor Group LLC boosted 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 in the last quarter. Institutional investors and hedge funds own 6.03% of the company’s stock.

Shares of Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded down 2.49% during midday trading on Friday, reaching $10.20. The company had a trading volume of 11,309,911 shares. The stock’s 50 day moving average is $10.97 and its 200-day moving average is $8.77. The stock’s market capitalization is $66.53 billion. Petroleo Brasileiro SA – Petrobras has a 12-month low of $2.71 and a 12-month high of $12.56.

PBR has been the topic of several recent research reports. HSBC upgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Vetr upgraded Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating and set a $9.84 target price on the stock in a report on Monday, September 26th. Citigroup Inc. upgraded Petroleo Brasileiro SA – Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.80 to $12.00 in a report on Wednesday, October 5th. Barclays PLC restated an “equal weight” rating and set a $11.00 target price on shares of Petroleo Brasileiro SA – Petrobras in a report on Thursday, November 10th. Finally, Tudor Pickering cut Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $9.05.

Petroleo Brasileiro SA – Petrobras Company Profile

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.

Related posts

Leave a Comment