Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) CEO Maria das Graças Foster defends the 2006 decision to buy a refinery in Pasadena, Tex., against allegations the company had dramatically overpaid, telling Brazil’s congress it purchased the 100K bbl/day refinery to maximize returns on heavy Brazilian oil in the U.S. market.Opponents of Pres. Rousseff are pushing for a formal investigation into the $1.2B purchase, which they say was made for 20x the true value of the refinery. Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) shares after opening at $13..89 moved to $13.90 on last trade day and at the end of the day closed at $13.33. Company price to sales ratio in past twelve months was calculated as 0.63 and price to cash ratio as 3.41. Petroleo Brasileiro Petrobras SA (ADR)(NYSE:PBR) showed a positive/negative weekly performance of -4.24%.
Canaccord Genuity dropped their target price on shares of Vale SA (ADR) (NASDAQ:VALE) from $19.00 to $18.50 in a research note issued on Thursday, AnalystRatings.NET reports. Canaccord Genuity’s price target would indicate a potential upside of 25.34% from the stock’s previous close. Vale SA (ADR)(NYSE:VALE) shares fell -1.53% in last trading session and ended the day on $13.90. VALE return on equity ratio is recorded as 7.10% and its return on assets is 3.40%.Vale SA (ADR)(NYSE:VALE) yearly performance is-9.21%.
Alcoa Inc (NYSE:AA) Director Ratan Tata purchased 1,670 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of $12.48 per share, for a total transaction of $20,841.60.Alcoa Inc (NYSE:AA) shares moved up 1.48% in last trading session and was closed at $13.05, while trading in range of $12.71 – 13.08. Alcoa Inc (NYSE:AA) year to date (YTD) performance is 23.11%
Exxon Mobil Corporation (NYSE:XOM)’s coal will retain the second spot among energy sources in the near future. But gas will take over coal by 2025 and become the second-most used energy source globally, with both still lagging crude oil. Exxon Mobil Corporation (NYSE:XOM) weekly performance is 1.26%. On last trading day company shares ended up $98.68. Exxon Mobil Corporation (NYSE:XOM) distance from 50-day simple moving average (SMA50) is 4.29%. Analysts mean target price for the company is $99.28.
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