Petroleo Brasileiro S.A. – Petrobras (PBR): What Institutional Ownership Is Telling?

Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) is on recovery track with 45.63% gain from a 1-year low price of $8.95. The company added 2% to attain the price of $13.03 on 12/28/2018. Throughout the recent session, the prices were hovering between $12.84 and $13.18. These shares are 27.24% off its target price of $16.58 and the current market capitalization stands at $84.28B. The recent change has given its price a -10.08% deficit over SMA 50 and -23.5% deficit over its 52-week high. The stock witnessed -8.95% declines, 7.15% gains and 33.49% 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 4.12% and during a month it has been found around 3.54%.

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

Institutional investors currently hold around $5.69 billion or 12.5% in PBR stock. Look at its top three institutional owners. Capital World Investors owns $631.79 million in Petroleo Brasileiro S.A. – Petrobras, which represents roughly 0.75% of the company’s market cap and approximately 11.1% of the institutional ownership. Similar statistics are true for the second largest owner, Fisher Asset Management, Llc, which owns 40,588,956 shares of the stock are valued at $528.87 million. The third largest holder is Artisan Partners Limited Partnership, which currently holds $481.43 million worth of this stock and that ownership represents nearly 0.57% of its market capitalization.

Petroleo Brasileiro S.A. – Petrobras 13F Filings

At the end of September reporting period, 151 institutional holders increased their position in Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) by some 95,665,267 shares, 122 decreased positions by 92,528,466 and 60 held positions by 248,493,964. That puts total institutional holdings at 436,687,697 shares, according to SEC filings. The stock grabbed 45 new institutional investments totaling 15,648,917 shares while 40 institutional investors sold out their entire positions totaling 8,228,450 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 8 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.36 average brokerage recommendation.