Petroleo Brasileiro S.A.- Petrobras Sees Unusually Large Options Volume (PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) saw some unusual options trading on Tuesday. Stock traders bought 2,766 put options on the company. This represents an increase of 308% compared to the typical volume of 678 put options.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) traded down 4.68% on Tuesday, reaching $7.74. The company had a trading volume of 13,709,728 shares. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $6.24 and a 52 week high of $12.56. The firm’s market capitalization is $50.48 billion. The company’s 50-day moving average price is $8.93 and its 200 day moving average price is $9.82.

A number of hedge funds have recently bought and sold shares of PBR. EFG Asset Management Americas Corp. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $100,000. Greenleaf Trust bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $101,000. Oppenheimer & Co. Inc. bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $110,000. Jacobi Capital Management LLC increased its stake in Petroleo Brasileiro S.A.- Petrobras by 585.5% in the first quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock valued at $113,000 after buying an additional 9,895 shares in the last quarter. Finally, Princeton Alpha Management LP bought a new stake in Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at approximately $115,000. 6.21% of the stock is owned by hedge funds and other institutional investors.

PBR has been the subject of a number of research analyst reports. Credit Suisse Group reiterated a “hold” rating and issued a $11.00 price target on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, March 6th. Zacks Investment Research cut Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 21st. HSBC Holdings plc upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Tuesday, March 28th. Societe Generale upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, March 24th. Finally, ValuEngine upgraded Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Buy” and an average target price of $10.97.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

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