Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)‘s stock had its “buy” rating reiterated by equities researchers at Credit Suisse Group in a research note issued on Friday.

Other research analysts also recently issued research reports about the company. Deutsche Bank AG raised Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub downgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Zacks Investment Research downgraded Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Finally, Barclays PLC reaffirmed an “underweight” rating and set a $8.00 price target (down previously from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $10.51.

Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) remained flat at $10.08 during trading on Friday. The company’s stock had a trading volume of 12,938,840 shares. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $12.56. The stock has a 50 day moving average price of $9.13 and a 200-day moving average price of $9.00. The company’s market cap is $65.74 billion.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $44,588,000. Acadian Asset Management LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 955.6% in the 2nd 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 purchasing an additional 3,681,383 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 29.6% in the 1st quarter. Baillie Gifford & Co. now owns 16,068,940 shares of the oil and gas exploration company’s stock valued at $155,708,000 after purchasing an additional 3,674,430 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at approximately $15,022,000. Finally, Balyasny Asset Management LLC acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter valued at approximately $11,825,000. 5.71% of the stock is currently owned by hedge funds and other institutional investors.

About Petroleo Brasileiro S.A.- Petrobras

Analyst Recommendations for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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