Petrobras Class APBR.A
PBR.A
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 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
104% more call options, than puts
Call options by funds: $3.17M | Put options by funds: $1.55M
29% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 21
21% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 57
3% more funds holding
Funds holding: 183 [Q2] → 189 (+6) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
0.48% less ownership
Funds ownership: 4.11% [Q2] → 3.63% (-0.48%) [Q3]
20% less capital invested
Capital invested by funds: $3.14B [Q2] → $2.53B (-$612M) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PBR.A.
Financial journalist opinion
Based on 9 articles about PBR.A published over the past 30 days
Positive
Seeking Alpha
2 hours ago
Petrobras Stock Is Now Too Undervalued (Rating Upgrade)
I'm upgrading Petrobras (PBR) (PBR.A) to "Buy" due to its undervaluation amid strong production levels and disciplined financial control despite macro and idiosyncratic risks. Brazil's tight monetary policy and fiscal concerns, along with lower refining margins, have pressured PBR's stock, but its fundamentals remain strong. Petrobras' increasing production, high utilization rates, and healthy balance sheet support its ability to maintain high dividends and execute its $111 billion investment plan.
Positive
Seeking Alpha
1 week ago
Petrobras: Massive Dividends And No Lula Problems
Petrobras is a highly profitable oil company with attractive growth projects and a very high dividend yield, making it a compelling investment. The company's new 5-year plan includes $111 billion in investments, expected to generate significant free cash flows and maintain high dividend payouts. Political risks from Brazil's President Lula exist but are not dramatic, with no significant negative impact on Petrobras so far.
Neutral
Business Wire
1 week ago
Expro Partners With Petrobras for Development of New Flowmeter Technology
HOUSTON--(BUSINESS WIRE)--Expro partners with Petrobras for development of new flowmeter technology.
Neutral
Reuters
2 weeks ago
Petrobras cuts investments for platform decommissioning by $1.1 billion
Brazil's state-run oil firm Petrobras cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters.
Neutral
Reuters
2 weeks ago
Brazil's Lula to swap Petrobras chairman, O Globo reports
Brazilian President Luiz Inacio Lula da Silva will appoint Petrobras chairman Pietro Mendes to a senior position at oil regulator ANP, local newspaper O Globo reported on Wednesday, citing a document from the presidential chief of staff.
Neutral
Reuters
2 weeks ago
Brazil prosecutors push Petrobras for more Amazon drilling studies
Brazilian federal prosecutors asked state-run oil firm Petrobras to do more studies before drilling off the coast of the Amazon rainforest, citing potential effects of extreme weather on tides, according to documents filed on Monday to environmental agency Ibama.
Neutral
Seeking Alpha
2 weeks ago
Petrobras: There's Still Time To Buy This On The Cheap
Petrobras investors are navigating weakened optimism on the stock, notwithstanding its attractive valuations. PBR's revised capital spending plan suggests the focus remains on its core exploration and production activities. Assumptions of lower Brent crude prices through 2025 and higher CapEx could have increased concerns about future dividend increases.
Positive
Seeking Alpha
2 weeks ago
Petrobras' 5-Year Plan Could Provide Strong Returns
Petrobras, with a $93 billion market cap, plans to spend more than its current value on capital expenditures, indicating strong long-term potential. The company's 5-year guidance plan emphasizes substantial investments while ensuring robust shareholder returns, showcasing its commitment to growth and value creation. Despite its undervaluation, Petrobras presents a compelling investment opportunity due to its strategic spending and promising financial outlook.
Positive
Seeking Alpha
3 weeks ago
Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive
PBR remains a compelling investment due to its discounted valuations and rich forward dividend yields, outperforming many of its oil/ gas peers. While the moderating Brent oil spot prices and perceived risks tied to the state run status may pose headwinds, the rich dividend yields more than makes up for the risks. If anything, PBR has guided $200B in operating cash flow and substantial shareholder returns through 2029, with it further underscoring its viable dividend investment thesis.
Positive
Reuters
1 month ago
Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan
Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais ($3.4 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its $111 billion strategic plan.
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