Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) is at least 59.65% than its current record low price of $10.07. There was a 0.5% gain on 7/23/2019 that led the price to move at $16.07. At a recent session, the prices were hovering between $15.9 and $16.08. This company shares are 21.97% off its target price of $19.6 and the current market capitalization stands at $100.92B. The recent change has given its price a 5.15% lead over SMA 50 and -9.9% deficit over its 52-week high. The stock witnessed -3.31% declines, 2.08% gains and 6.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PBR’s volatility during a week at 1.36% and during a month it has been found around 1.98%.

What Does Petroleo Brasileiro S.A. – Petrobras (PBR) Do?

The company describes itself in regulatory filings as, “Petróleo Brasileiro SA engages in oil and gas exploration, production, and distribution activities. It operates through the following segments: Exploration and Production; Refining, Transportation, and Marketing; Distribution; Gas & Power; Biofuel; and Corporate. The Exploration and Production segment involves crude oil, natural gas liquids, and natural gas exploration, development, and production. The Refining, Transportation and Marketing segment involves refining, logistics, transportation, trading operations, oil products and crude oil exports and imports, and petrochemical investments. The Distribution segment refers to the distribution of oil products, ethanol, and vehicle natural gas to wholesalers and through Petrobras Distribuidora SA, its retail network in Brazil. The Gas & Power segment includes transportation and trading of natural and liquefied natural gas, the generation and trading of electric power, and the fertilizer business. The Biofuel segment involves the production of biodiesel and its co-products, and ethanol-related activities such as equity investments, production, and trading of ethanol, sugar, and the excess electricity generated from sugarcane bagasse. The Corporate segment comprises the financing activities not attributable to other segments including corporate financial management, and central administrative overhead and actuarial expenses. The company was founded on October 3, 1953 and is headquartered in Rio de Janeiro, Brazil.” [Text can be found here: under company description.]

Petroleo Brasileiro S.A. – Petrobras (PBR) Top Holders

Institutional investors currently hold around $7.61 billion or 13.7% in PBR stock. Look at its top three institutional owners: Capital World Investors owns $1.17 billion in Petroleo Brasileiro S.A. – Petrobras, which represents roughly 1.16% of the company’s market cap and approximately 15.38% of the institutional ownership. Similar statistics are true for the second largest owner, Fisher Asset Management, Llc, which owns 41,133,785 shares of the stock are valued at $657.73 million. The third largest holder is Renaissance Technologies Llc, which currently holds $555.15 million worth of this stock and that ownership represents nearly 0.55% of its market capitalization.

Petroleo Brasileiro S.A. – Petrobras 13F Filings

At the end of March reporting period, 134 institutional holders increased their position in Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) by some 67,481,136 shares, 143 decreased positions by 49,357,007 and 69 held positions by 358,814,675. That puts total institutional holdings at 475,652,818 shares, according to SEC filings. The stock grabbed 43 new institutional investments totaling 15,802,795 shares while 44 institutional investors sold out their entire positions totaling 8,816,239 shares.

Petroleo Brasileiro S.A. – Petrobras (PBR) Analyst Guide

Several analysts have released their opinion on Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR), with 3 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].