PetrobrasPBR
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
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
7% more repeat investments, than reductions
Existing positions increased: 168 | Existing positions reduced: 157
0.03% more ownership
Funds ownership: 9.26% [Q2] → 9.3% (+0.03%) [Q3]
0% less funds holding
Funds holding: 480 [Q2] → 479 (-1) [Q3]
2% less first-time investments, than exits
New positions opened: 65 | Existing positions closed: 66
3% less capital invested
Capital invested by funds: $9.99B [Q2] → $9.69B (-$298M) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 12 [Q2] → 10 (-2) [Q3]
40% less call options, than puts
Call options by funds: $490M | Put options by funds: $821M
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Goldman Sachs Bruno Amorim 33% 1-year accuracy 3 / 9 met price target | 30%upside $17 | Buy Maintained | 12 Nov 2024 |
JP Morgan Rodolfo Angele 40% 1-year accuracy 4 / 10 met price target | 46%upside $19 | Overweight Upgraded | 25 Sept 2024 |
Financial journalist opinion
Based on 20 articles about PBR published over the past 30 days
