Sloane Robinson LLP Buys New Holdings in Petroleo Brasileiro S.A.- Petrobras (PBR)

Sloane Robinson LLP bought a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 165,500 shares of the oil and gas exploration company’s stock, valued at approximately $1,662,000. Petroleo Brasileiro S.A.- Petrobras accounts for about 0.7% of Sloane Robinson LLP’s portfolio, making the stock its 14th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PBR. IHT Wealth Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth $103,000. D.A. Davidson & CO. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 276.6% in the 2nd quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock worth $107,000 after acquiring an additional 9,843 shares during the period. Fox Run Management L.L.C. bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth $118,000. Eqis Capital Management Inc. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 8.5% in the 2nd quarter. Eqis Capital Management Inc. now owns 16,082 shares of the oil and gas exploration company’s stock worth $128,000 after acquiring an additional 1,262 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 54.5% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 17,577 shares of the oil and gas exploration company’s stock worth $140,000 after acquiring an additional 6,200 shares during the period. Hedge funds and other institutional investors own 5.60% of the company’s stock.

Several brokerages recently commented on PBR. Barclays PLC reiterated an “underweight” rating and issued a $8.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, October 4th. Societe Generale downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lifted their target price for the stock from $10.51 to $11.00 in a report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Credit Suisse Group reiterated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, September 15th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Petroleo Brasileiro S.A.- Petrobras currently has a consensus rating of “Hold” and a consensus price target of $10.48.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) traded up $0.23 during trading hours on Thursday, hitting $10.26. 11,245,992 shares of the stock traded hands, compared to its average volume of 18,718,656. The company has a market cap of $65,418.14, a P/E ratio of 18.57 and a beta of 2.44. Petroleo Brasileiro S.A.- Petrobras has a one year low of $7.61 and a one year high of $11.71. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.66 and a current ratio of 2.02.

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In related news, Director Christopher Geoffrey Hampson sold 250,000 shares of the company’s stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $0.18, for a total value of $45,000.00.

Petroleo Brasileiro S.A.- Petrobras Profile

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Institutional Ownership by Quarter for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR)

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