Petrobras Class A
PBR.A
Market cap $82.9B

12.87 USD

-0.14

1.08%

At close Oct 18, 4:00 PM EDT

After hours

12.91

+0.04

0.31%

1 day

-1.08%

5 days

-3.45%

1 month

-2.79%

3 months

-6.74%

6 months

-14.77%

Year to date

-15.99%

1 year

-15.72%

5 years

-3.81%

About: Petrobras is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 million barrels a day and distributes refined products and natural gas throughout Brazil.

Employees: 40,213

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

103% more call options, than puts

Call options by funds: $5.65M | Put options by funds: $2.79M

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

4% more funds holding

Funds holding: 175 [Q1] → 182 (+7) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 59

0.56% less ownership

Funds ownership: 4.58% [Q1] → 4.02% (-0.56%) [Q2]

20% less capital invested

Capital invested by funds: $3.83B [Q1] → $3.07B (-$756M) [Q2]

33% less funds holding in top 10

Funds holding in top 10: 6 [Q1] → 4 (-2) [Q2]

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Research analyst outlook

We haven’t received any recent analyst ratings for PBR.A.

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Financial journalist opinion

Based on 12 articles about PBR.A published over the past 30 days

Brazil's Petrobras to reduce investments planned for 2025, sources say

Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters.

Brazil's Petrobras to reduce investments planned for 2025, sources say

Petrobras posts record gasoline production in the third quarter

Brazilian state-run oil firm Petrobras said on Monday it produced a record 6.38 billion liters of gasoline in the third quarter, without providing a comparison base for the figure.

Petrobras posts record gasoline production in the third quarter

Petrobras' pricing strategy avoids passing on market volatility, CEO says

Brazilian state-run oil firm Petrobras has been able to provide Brazilians with price stability despite market volatility caused by an escalation of the conflict in Middle East, its top executive said on Thursday.

Petrobras' pricing strategy avoids passing on market volatility, CEO says

Ecopetrol, Petrobras announce major gas discoveries in Colombia

Colombia's state-run oil company oil Ecopetrol and Brazil's Petrobras on Thursday announced two major gas discoveries executives said would hugely increase reserves and help the Andean country remain self-sufficient for energy.

Ecopetrol, Petrobras announce major gas discoveries in Colombia

Why I'm Upgrading Petrobras Back To Buy

I'm upgrading Petrobras back to "Buy" due to higher-than-expected FCF yield and business resilience despite struggling commodities markets. Q2 results show increased net revenues, strong cash flow, and operational efficiency, with notable production and refining achievements. Petrobras maintains low-cost production and high FCF yields, supported by unique pre-salt assets and strategic investments in exploration and renewable energy.

Why I'm Upgrading Petrobras Back To Buy

Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management

Petrobras' new strategic plan to reportedly focus more on the core exploration & production business, with fixed allocations to low carbon M&A cut out. PBR should be able to repeat its highly successful offshore playbook in the Atlantic Margin and potentially Namibia, with geology in both comparable to the pre-salt, in our view. Political risks remain, yet with new management looking the most stable since the 2022 election and their commitment to the new plan, we see most recent concerns derisked.

Petrobras: Double-Upgrade To Buy On New Exploration And Stable Management

Petrobras: Still Too Cheap For Buyers To Ignore

Petrobras stock has outperformed its energy sector peers since early August, corroborating my bullish bias. PBR's solid profitability and robust dividend yields have likely mitigated concerns over increased political interference by the Lula administration.

Petrobras: Still Too Cheap For Buyers To Ignore

Vallourec Secures Major Contract With Petrobras

VALLOUREC SECURES MAJOR CONTRACT WITH PETROBRAS Meudon (France), September 27, 2024 – Vallourec, a world leader in premium seamless tubular solutions, announces, after a competitive process, the signing of a significant contract with Petrobras, a leading player in the global energy industry. The contract covers the supply of premium Oil Country Tubular Goods (OCTG) and accessories for the development of the technically-sophisticated Sepia 2 and Atapu 2 projects.

Vallourec Secures Major Contract With Petrobras

Petrobras' focus remains Brazil despite Africa plans, director says

The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa.

Petrobras' focus remains Brazil despite Africa plans, director says

Petrobras to lower jet fuel prices by almost 10%, CEO says

Brazilian state-run oil company Petrobras is set to lower jet fuel prices by nearly 10% starting October, Chief Executive Magda Chambriard told reporters on Thursday on the sidelines of an industry event in Rio de Janeiro.

Petrobras to lower jet fuel prices by almost 10%, CEO says

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