Drum Hill Capital LLC Buys New Stake in Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR)

Drum Hill Capital LLC purchased a new position in shares of Petróleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 133,563 shares of the oil and gas exploration company's stock, valued at approximately $1,718,000. Petróleo Brasileiro S.A. - Petrobras accounts for approximately 2.1% of Drum Hill Capital LLC's holdings, making the stock its 19th largest holding.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Petróleo Brasileiro S.A. - Petrobras during the 3rd quarter worth $141,372,000. Fisher Asset Management LLC boosted its stake in shares of Petróleo Brasileiro S.A. - Petrobras by 13.1% during the 3rd quarter. Fisher Asset Management LLC now owns 15,819,647 shares of the oil and gas exploration company's stock worth $227,961,000 after acquiring an additional 1,835,297 shares in the last quarter. Annex Advisory Services LLC grew its holdings in Petróleo Brasileiro S.A. - Petrobras by 56.1% in the fourth quarter. Annex Advisory Services LLC now owns 1,508,806 shares of the oil and gas exploration company's stock valued at $19,403,000 after purchasing an additional 542,118 shares during the last quarter. SG Americas Securities LLC grew its stake in Petróleo Brasileiro S.A. - Petrobras by 114.4% in the 4th quarter. SG Americas Securities LLC now owns 579,270 shares of the oil and gas exploration company's stock valued at $7,449,000 after acquiring an additional 309,112 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Petróleo Brasileiro S.A. - Petrobras by 18.6% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 1,696,360 shares of the oil and gas exploration company's stock valued at $24,445,000 after purchasing an additional 265,560 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group boosted their target price on shares of Petróleo Brasileiro S.A. - Petrobras from $15.40 to $17.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.24.

Petróleo Brasileiro S.A. - Petrobras Trading Down 1.0 %

PBR stock traded down $0.14 during trading on Wednesday, reaching $14.30. 13,503,492 shares of the stock traded hands, compared to its average volume of 13,017,687. The firm has a market capitalization of $92.14 billion, a PE ratio of 5.58, a P/E/G ratio of 0.18 and a beta of 1.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.71. The business's 50 day moving average price is $13.69 and its 200-day moving average price is $14.16. Petróleo Brasileiro S.A. - Petrobras has a 52-week low of $12.55 and a 52-week high of $17.91.

Petróleo Brasileiro S.A. - Petrobras Profile

Petróleo Brasileiro SA - Petrobras explores, produces, and sells oil and gas in Brazil and internationally. The company operates through three segments: Exploration and Production; Refining, Transportation and Marketing; and Gas and Power. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries.