Petróleo Brasileiro stock is trading -12.88% below its average target price of $16.45 after marking a 2.6% during today's morning session. Analysts are giving the Large-Cap Oil & Gas Drilling company an average rating of buy and target prices ranging from $14.0 to $19.0 per share.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 2.21. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a very small number of institutional investors are invested in the stock, with 19.9% of Petróleo Brasileiro's shares being owned by this investor type.
Institutions Invested in Petróleo Brasileiro
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | GQG Partners LLC | 6% | 237,236,034 | $3,399,592,349 |
| 2024-12-31 | BAILLIE GIFFORD & CO | 1% | 55,425,918 | $794,253,400 |
| 2024-12-31 | Arrowstreet Capital, Limited Partnership | 1% | 32,666,033 | $468,104,250 |
| 2024-12-31 | Schroder Investment Management Group | 1% | 30,620,351 | $438,789,627 |
| 2024-12-31 | FMR, LLC | 1% | 25,957,887 | $371,976,518 |
| 2024-12-31 | Lazard Asset Management LLC | 1% | 21,755,839 | $311,761,171 |
| 2024-12-31 | Itau Unibanco Holding, S.A. | 1% | 19,098,366 | $273,679,583 |
| 2024-12-31 | Fisher Asset Management, LLC | 0% | 15,887,984 | $227,674,809 |
| 2024-12-31 | ARGA Investment Management, LP | 0% | 10,997,798 | $157,598,444 |
| 2024-12-31 | Morgan Stanley | 0% | 10,005,880 | $143,384,259 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Petróleo Brasileiro.
