Advisors Preferred LLC Purchases New Position in Petroleo Brasileiro S.A.- Petrobras $PBR

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Advisors Preferred LLC has acquired a new position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the third quarter, purchasing 196,191 shares valued at approximately $2.476 million. Other institutional investors, including ARGA Investment Management LP and Mondrian Investment Partners LTD, also adjusted their holdings in the energy company. Petroleo Brasileiro S.A.- Petrobras recently declared a special dividend of $0.0658 per share and has a “Moderate Buy” consensus rating from analysts with an average target price of $14.98.

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