Petróleo Brasileiro S.A. – Petrobras Sees Unusually High Options Volume (NYSE:PBR)

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBRGet Rating) was the target of some unusual options trading activity on Monday. Investors bought 1,747,582 call options on the company. This represents an increase of approximately 967% compared to the average volume of 163,805 call options.

Analyst Upgrades and Downgrades

PBR has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Monday, October 31st. The Goldman Sachs Group lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “neutral” rating and decreased their price target for the company from $13.60 to $12.30 in a research note on Friday, November 4th. UBS Group lowered shares of Petróleo Brasileiro S.A. – Petrobras from a “buy” rating to a “sell” rating in a research note on Monday. Credit Suisse Group lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $16.00 in a research report on Monday, October 17th. Finally, Itau BBA Securities lowered shares of Petróleo Brasileiro S.A. – Petrobras from an “outperform” rating to a “market perform” rating and set a $14.50 target price on the stock. in a research report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Petróleo Brasileiro S.A. – Petrobras presently has a consensus rating of “Hold” and an average price target of $14.26.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

Shares of Petróleo Brasileiro S.A. – Petrobras stock opened at $10.16 on Wednesday. The company has a 50 day moving average of $13.09 and a 200-day moving average of $13.26. Petróleo Brasileiro S.A. – Petrobras has a 1-year low of $9.56 and a 1-year high of $16.32. The company has a current ratio of 1.17, a quick ratio of 0.78 and a debt-to-equity ratio of 0.66. The company has a market cap of $66.26 billion, a PE ratio of 1.95, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

Institutional Trading of Petróleo Brasileiro S.A. – Petrobras

A number of institutional investors and hedge funds have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $168,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $15,705,000. Baird Financial Group Inc. bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the 3rd quarter worth approximately $188,000. Thrivent Financial for Lutherans lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 9.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 346,173 shares of the oil and gas exploration company’s stock worth $4,272,000 after acquiring an additional 31,041 shares during the period. Finally, Two Sigma Advisers LP lifted its holdings in shares of Petróleo Brasileiro S.A. – Petrobras by 139.2% during the 3rd quarter. Two Sigma Advisers LP now owns 10,808,100 shares of the oil and gas exploration company’s stock worth $133,372,000 after acquiring an additional 6,289,700 shares during the period. Institutional investors own 11.74% of the company’s stock.

About Petróleo Brasileiro S.A. – Petrobras

(Get Rating)

Petróleo Brasileiro SA – Petrobras explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production; Refining, Transportation and Marketing; Gas and Power; and Corporate and Other Businesses segments. It engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons.

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