621,400 Shares in Petroleo Brasileiro S.A.- Petrobras (PBR) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. bought a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 621,400 shares of the oil and gas exploration company’s stock, valued at approximately $6,239,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PBR. IHT Wealth Management LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $103,000. D.A. Davidson & CO. increased its stake in Petroleo Brasileiro S.A.- Petrobras by 276.6% in the second quarter. D.A. Davidson & CO. now owns 13,402 shares of the oil and gas exploration company’s stock valued at $107,000 after acquiring an additional 9,843 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Petroleo Brasileiro S.A.- Petrobras by 54.5% in the second quarter. Oppenheimer & Co. Inc. now owns 17,577 shares of the oil and gas exploration company’s stock valued at $140,000 after acquiring an additional 6,200 shares during the last quarter. Van ECK Associates Corp increased its stake in Petroleo Brasileiro S.A.- Petrobras by 11.6% in the second quarter. Van ECK Associates Corp now owns 18,684 shares of the oil and gas exploration company’s stock valued at $149,000 after acquiring an additional 1,947 shares during the last quarter. Finally, Friedberg Investment Management bought a new position in Petroleo Brasileiro S.A.- Petrobras in the second quarter valued at $164,000. 5.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Petroleo Brasileiro S.A.- Petrobras (PBR) traded down $0.05 during midday trading on Monday, reaching $9.43. 17,771,700 shares of the company were exchanged, compared to its average volume of 18,512,092. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $11.71. The stock has a market cap of $61,504.80, a price-to-earnings ratio of 17.46 and a beta of 2.36. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.66 and a current ratio of 2.02.

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

PBR has been the topic of a number of recent research reports. Credit Suisse Group reaffirmed a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Friday, September 15th. ValuEngine raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Deutsche Bank raised Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub raised Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Societe Generale lowered shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lifted their target price for the company from $10.51 to $11.00 in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $10.48.

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About Petroleo Brasileiro S.A.- Petrobras

Want to see what other hedge funds are holding PBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR).

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

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