Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR).
Thornburg Investment Management Inc reports that it raised its investment in Petroleo Brasileiro S.A.- Petrobras by 397,390 shares in the last quarter. Its position was valued at $20,285,000 an increase of $7,317,000 as of quarter end.
Several firms have shifted positions in (PBR). As of the end of the quarter Edmond De Rothschild Holding S.a. had disposed of a total of 2,900 shares trimming its stake by 53.7%. The value of the investment in Petroleo Brasileiro S.A.- Petrobras decreased from $43,000 to $25,000 a change of $18,000 quarter to quarter. As of quarter end Raymond James & Associates had sold 4,747 shares trimming its position 10.4%. The value of the investment in (PBR) went from $366,000 to $413,000 increasing 12.8% quarter over quarter.
As of quarter end Agf Investments Inc. had bought a total of 1,727 shares growing its holdings by 2.0%. The value of the company’s investment in Petroleo Brasileiro S.A.- Petrobras increased from $695,000 to $891,000 a change of 28.2% for the reporting period.
Barclays PLC updated its forecast on PBR and giving a rating of “Sell” and price target of $10.00.
October 4 investment analysts at Raymond James Financial maintained a “Market Perform” rating on the company. October 4 investment analysts at Barclays PLC left the company rating at “Underweight” projecting a price of $8.00.
On September 15, 2017 Credit Suisse Group reiterated a “Buy” rating on the stock.
The company is up from yesterday’s close of 9.69. The most current P/E ratio is 28.32 and market cap is 63.33B. As of the latest earnings report the EPS was $0.35 with 7.44B shares currently outstanding.
Short traders are feeling a little more bullish on Petroleo Brasileiro S.A.- Petrobras of late as implied by the fall in short interest. The firm saw a fall in short interest between September 29, 2017 and October 13, 2017 of -8.80%. Short shares fell 3,066,468 over that period. The days to cover increased to 3.0 and the percentage of shorted shares was 0.00% on October 13.