Bp Plc trimmed its holdings in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 7.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,405,854 shares of the oil and gas exploration company’s stock after selling 105,400 shares during the period. Bp Plc’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $14,087,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Janus Henderson Group PLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 2nd quarter valued at about $44,588,000. Capital International Investors boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 0.4% during the 2nd quarter. Capital International Investors now owns 4,208,705 shares of the oil and gas exploration company’s stock valued at $33,628,000 after purchasing an additional 15,258 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 955.6% during the 2nd quarter. Acadian Asset Management LLC now owns 4,066,630 shares of the oil and gas exploration company’s stock valued at $32,491,000 after purchasing an additional 3,681,383 shares in the last quarter. Horseman Capital Management Ltd bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at about $25,000,000. Finally, Glen Point Capital LLP boosted its position in shares of Petroleo Brasileiro S.A.- Petrobras by 92.5% during the 2nd quarter. Glen Point Capital LLP now owns 1,895,300 shares of the oil and gas exploration company’s stock valued at $15,143,000 after purchasing an additional 910,833 shares in the last quarter. 5.68% of the stock is currently owned by institutional investors.

Several brokerages have commented on PBR. BidaskClub upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Zacks Investment Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a report on Tuesday, July 11th. Barclays PLC reiterated an “underweight” rating and issued a $8.00 target price (down from $11.00) on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Wednesday, July 12th. Credit Suisse Group set a $12.00 target price on shares of Petroleo Brasileiro S.A.- Petrobras and gave the stock a “buy” rating in a report on Saturday, August 5th. Finally, TheStreet upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “d+” rating to a “c-” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $10.47.

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Petroleo Brasileiro S.A.- Petrobras Company Profile

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

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