Timber Hill LLC Takes $489,000 Position in Petroleo Brasileiro SA Petrobras (PBR)

Timber Hill LLC acquired a new stake in Petroleo Brasileiro SA Petrobras (NYSE:PBR) during the 4th quarter, Holdings Channel reports. The fund acquired 47,509 shares of the oil and gas exploration company’s stock, valued at approximately $489,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Thomas White International Ltd. increased its stake in Petroleo Brasileiro SA Petrobras by 5.3% during the fourth quarter. Thomas White International Ltd. now owns 224,334 shares of the oil and gas exploration company’s stock worth $2,308,000 after purchasing an additional 11,195 shares during the period. TCW Group Inc. increased its stake in Petroleo Brasileiro SA Petrobras by 9.2% during the fourth quarter. TCW Group Inc. now owns 140,000 shares of the oil and gas exploration company’s stock worth $1,441,000 after purchasing an additional 11,800 shares during the period. Capital Growth Management LP purchased a new stake in Petroleo Brasileiro SA Petrobras during the fourth quarter worth about $66,885,000. State of Wisconsin Investment Board increased its stake in Petroleo Brasileiro SA Petrobras by 9.0% during the fourth quarter. State of Wisconsin Investment Board now owns 5,913,060 shares of the oil and gas exploration company’s stock worth $60,845,000 after purchasing an additional 487,471 shares during the period. Finally, Bailard Inc. increased its stake in Petroleo Brasileiro SA Petrobras by 264.4% during the fourth quarter. Bailard Inc. now owns 229,600 shares of the oil and gas exploration company’s stock worth $2,363,000 after purchasing an additional 166,596 shares during the period. Hedge funds and other institutional investors own 5.98% of the company’s stock.

A number of brokerages have issued reports on PBR. Zacks Investment Research lowered shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of Petroleo Brasileiro SA Petrobras from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Goldman Sachs Group upgraded shares of Petroleo Brasileiro SA Petrobras from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Credit Suisse Group set a $15.00 price target on shares of Petroleo Brasileiro SA Petrobras and gave the stock a “hold” rating in a research note on Monday, January 29th. Finally, HSBC lowered shares of Petroleo Brasileiro SA Petrobras from a “buy” rating to a “hold” rating in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.00.

Shares of Petroleo Brasileiro SA Petrobras (NYSE PBR) opened at $13.94 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.66 and a current ratio of 2.02. The stock has a market cap of $88,246.02, a PE ratio of 37.68 and a beta of 2.69. Petroleo Brasileiro SA Petrobras has a one year low of $7.61 and a one year high of $14.03.

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About Petroleo Brasileiro SA Petrobras

Petroleo Brasileiro SA-Petrobras specializes in the oil, natural gas and energy industry. The Company is engaged in prospecting, drilling, refining, processing, trading and transporting crude oil from producing onshore and offshore oil fields and from shale or other rocks. Its segments include Exploration and Production, which covers the activities of exploration, development and production of crude oil, natural gas liquid and natural gas; Refining, Transportation and Marketing, which covers the refining, logistics, transport and trading of crude oil and oil products activities, exporting of ethanol, and extraction and processing of shale; Gas and Power, which is engaged in transportation and trading of natural gas produced in Brazil and imported natural gas; Biofuels, which covers the activities of production of biodiesel and its co-products, and ethanol-related activities; Distribution, which includes the activities of its subsidiary Petrobras Distribuidora SA, and Corporate.

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Institutional Ownership by Quarter for Petroleo Brasileiro SA Petrobras (NYSE:PBR)

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