Drum Hill Capital LLC Acquires New Shares in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Drum Hill Capital LLC bought a new position in shares of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 133,563 shares of the oil and gas exploration company’s stock, valued at approximately $1,718,000. Petróleo Brasileiro S.A. – Petrobras makes up about 2.1% of Drum Hill Capital LLC’s portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PBR. Creative Planning lifted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 31.6% in the 3rd quarter. Creative Planning now owns 155,013 shares of the oil and gas exploration company’s stock valued at $2,234,000 after acquiring an additional 37,181 shares during the last quarter. Bogart Wealth LLC raised its position in Petróleo Brasileiro S.A. – Petrobras by 571.4% in the third quarter. Bogart Wealth LLC now owns 2,350 shares of the oil and gas exploration company’s stock valued at $34,000 after purchasing an additional 2,000 shares during the last quarter. Ballentine Partners LLC boosted its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 29.0% during the third quarter. Ballentine Partners LLC now owns 19,116 shares of the oil and gas exploration company’s stock valued at $275,000 after purchasing an additional 4,295 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in shares of Petróleo Brasileiro S.A. – Petrobras during the third quarter worth about $326,000. Finally, Rosenberg Matthew Hamilton increased its stake in shares of Petróleo Brasileiro S.A. – Petrobras by 65.4% in the third quarter. Rosenberg Matthew Hamilton now owns 2,391 shares of the oil and gas exploration company’s stock valued at $34,000 after buying an additional 945 shares during the period.

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 stock a “buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.24.

Petróleo Brasileiro S.A. – Petrobras Stock Performance

NYSE:PBR opened at $14.79 on Friday. The company has a market capitalization of $95.28 billion, a PE ratio of 5.78, a P/E/G ratio of 0.18 and a beta of 1.40. Petróleo Brasileiro S.A. – Petrobras has a fifty-two week low of $12.55 and a fifty-two week high of $17.91. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.71 and a current ratio of 0.94. The company has a 50 day simple moving average of $13.65 and a two-hundred day simple moving average of $14.16.

About Petróleo Brasileiro S.A. – Petrobras

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.