Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the recipient of some unusual options trading activity on Monday. Investors acquired 2,203 call options on the company. This is an increase of 134% compared to the typical volume of 942 call options.

A number of brokerages have recently commented on PBR. Credit Suisse Group set a $12.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras and gave the company a “buy” rating in a report on Sunday, May 28th. ValuEngine raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Societe Generale raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Friday, March 24th. Zacks Investment Research raised shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Tuesday, March 21st. Finally, HSBC Holdings plc raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a report on Tuesday, March 28th. One equities research analyst has 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. The stock presently has a consensus rating of “Buy” and an average price target of $10.97.

Hedge funds have recently added to or reduced their stakes in the company. Gould Asset Management LLC CA increased its stake in 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 worth $171,000 after buying an additional 235 shares during the period. Greenleaf Trust bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $101,000. BP PLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $14,644,000. USS Investment Management Ltd increased its stake in Petroleo Brasileiro S.A.- Petrobras by 14.5% in the first quarter. USS Investment Management Ltd now owns 2,168,309 shares of the oil and gas exploration company’s stock worth $21,011,000 after buying an additional 275,000 shares during the period. Finally, HRT Financial LLC bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth approximately $118,000. Institutional investors own 6.21% of the company’s stock.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded up 0.99% on Monday, reaching $8.16. 6,251,138 shares of the company traded hands. Petroleo Brasileiro S.A.- Petrobras has a 12 month low of $6.24 and a 12 month high of $12.56. The company has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.85. The company’s market capitalization is $53.22 billion.

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