Global

Are Petroleo Brasileiro S.A. – Petrobras (PBR)’s Recent Ownership and Insider Trends a Sign of Things to Come?

Recent insider trends for Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) have caught the attention of investors. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of PBR, the data has a lot to say about how the stock might perform going forward.

Institutions own 10.03% of Petroleo Brasileiro S.A. – Petrobras (PBR)’s shares. The total value of these holdings, in millions, is $3,996. Among active positions in the latest quarter, 134 holders increased their positions by a total of 54.2 million shares, 126 holders decreased the positions by a total of 68.67 million shares, and 58 holders held their positions. This works out to a net decrease in ownership of 14.47 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 43 holders initiated new positions by a total of 17.12 million shares and 42 holders exited their positions by a total of 10.26 million shares. This nets out to an increase of 6.86 million shares and is a bullish sign for PBR.

Insider ownership increased by a total of 0 shares, which suggests that PBR’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a similar story:  ownership increased by a net of 0 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s short interest is 33.38 million shares, or 0.94% of the float. This represents an increase of 5% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that PBR is a Weak buy, which implies that PBR is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) is undervalued.

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