Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 10,445 call options on the stock. This represents an increase of 104% compared to the average volume of 5,127 call options.

Shares of Petroleo Brasileiro S.A.- Petrobras (PBR) opened at 10.12 on Friday. The firm’s market cap is $66.01 billion. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $7.61 and a 12-month high of $12.56. The firm’s 50-day moving average price is $8.90 and its 200 day moving average price is $9.01.

Several brokerages have commented on PBR. TheStreet upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a research report on Monday, August 7th. Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research report on Tuesday, July 11th. Credit Suisse Group set a $12.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “buy” rating in a research report on Friday, August 11th. Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, BidaskClub cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.51.

A number of institutional investors and hedge funds have recently modified their holdings of PBR. EFG Asset Management Americas Corp. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $100,000. IHT Wealth Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $103,000. 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 buying an additional 9,843 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Petroleo Brasileiro S.A.- Petrobras during the first quarter worth about $110,000. Finally, 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 buying an additional 9,895 shares during the last quarter. Hedge funds and other institutional investors own 5.71% of the company’s stock.

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