Petroleo Brasileiro S.A.- Petrobras Target of Unusually High Options Trading (PBR)

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) was the target of unusually large options trading activity on Wednesday. Investors bought 11,915 call options on the stock. This represents an increase of approximately 108% compared to the average daily volume of 5,739 call options.

Shares of Petroleo Brasileiro S.A.- Petrobras (NYSE PBR) opened at 10.32 on Monday. The firm’s market cap is $67.31 billion. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $7.61 and a 52 week high of $12.56. The firm has a 50-day moving average of $9.78 and a 200-day moving average of $9.06.

Large investors have recently modified their holdings of the stock. IHT Wealth Management LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $103,000. Oppenheimer & Co. Inc. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 1st quarter worth about $110,000. Jacobi Capital Management LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 585.5% in the 1st quarter. Jacobi Capital Management LLC now owns 11,585 shares of the oil and gas exploration company’s stock worth $113,000 after buying an additional 9,895 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of 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 buying an additional 9,843 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the 2nd quarter worth about $118,000. 5.70% of the stock is currently owned by institutional investors.

Several research analysts recently commented on PBR shares. Deutsche Bank AG upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Credit Suisse Group restated a “buy” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Friday, September 15th. BidaskClub cut shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Barclays PLC restated an “underweight” rating and set a $8.00 target price (down previously from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $9.96.

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