Aperio Group LLC increased its stake in Petroleo Brasileiro SA – Petrobras (NYSE:PBR) by 14.7% during the third quarter, Holdings Channel reports. The institutional investor owned 514,813 shares of the oil and gas exploration company’s stock after buying an additional 65,796 shares during the period. Aperio Group LLC’s holdings in Petroleo Brasileiro SA – Petrobras were worth $4,803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PBR. Eqis Capital Management Inc. raised its stake in shares of Petroleo Brasileiro SA – Petrobras by 18.6% in the second quarter. Eqis Capital Management Inc. now owns 15,354 shares of the oil and gas exploration company’s stock valued at $110,000 after buying an additional 2,410 shares in the last quarter. Wetherby Asset Management Inc. raised its stake in shares of Petroleo Brasileiro SA – Petrobras by 39.4% in the second quarter. Wetherby Asset Management Inc. now owns 15,996 shares of the oil and gas exploration company’s stock valued at $115,000 after buying an additional 4,521 shares in the last quarter. Creative Planning raised its stake in shares of Petroleo Brasileiro SA – Petrobras by 1.8% in the third quarter. Creative Planning now owns 18,717 shares of the oil and gas exploration company’s stock valued at $175,000 after buying an additional 335 shares in the last quarter. Candriam Luxembourg S.C.A. raised its stake in shares of Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 27,670 shares of the oil and gas exploration company’s stock valued at $198,000 after buying an additional 450 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Petroleo Brasileiro SA – Petrobras by 1.7% in the second quarter. Private Advisor Group LLC now owns 28,895 shares of the oil and gas exploration company’s stock valued at $202,000 after buying an additional 472 shares in the last quarter. 6.09% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Petroleo Brasileiro SA - Petrobras (NYSE:PBR)

Petroleo Brasileiro SA – Petrobras (NYSE:PBR) traded up 10.36% during trading on Wednesday, hitting $10.87. The company had a trading volume of 42,371,266 shares. The company’s market capitalization is $70.90 billion. The firm has a 50-day moving average of $10.96 and a 200 day moving average of $8.81. Petroleo Brasileiro SA – Petrobras has a 12-month low of $2.71 and a 12-month high of $12.56.

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Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 15th. Barclays PLC reissued an “underweight” rating and set a $10.00 price target (up from $9.00) on shares of Petroleo Brasileiro SA – Petrobras in a report on Monday, October 10th. Raymond James Financial Inc. raised Petroleo Brasileiro SA – Petrobras from an “underperform” rating to a “market perform” rating and raised their price target for the company from $2.71 to $9.22 in a report on Wednesday, September 21st. HSBC raised Petroleo Brasileiro SA – Petrobras from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Finally, Vetr raised Petroleo Brasileiro SA – Petrobras from a “buy” rating to a “strong-buy” rating and set a $10.04 price target on the stock in a report on Wednesday, September 14th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company’s stock. Petroleo Brasileiro SA – Petrobras presently has an average rating of “Hold” and a consensus price target of $9.05.

Petroleo Brasileiro SA – Petrobras Company Profile

Petroleo Brasileiro SA-Petrobras is an energy company. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks, as well as oil products, natural gas and other liquid hydrocarbons.

5 Day Chart for NYSE:PBR

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