Petrobras
PBR
Market cap $91.3B

14.14 USD

-0.14

0.98%

At close Dec 2, 4:00 PM EST

Pre-market

14.06

-0.08

0.57%

1 day

-0.98%

5 days

-5.54%

1 month

7.28%

3 months

-5.10%

6 months

-8.42%

Year to date

-11.62%

1 year

-4.20%

5 years

-4.01%

10 years

57.11%

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 6,780 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

9% more repeat investments, than reductions

Existing positions increased: 168 | Existing positions reduced: 154

0.03% more ownership

Funds ownership: 9.26% [Q2] → 9.29% (+0.03%) [Q3]

1% less funds holding

Funds holding: 479 [Q2] → 476 (-3) [Q3]

3% less capital invested

Capital invested by funds: $9.99B [Q2] → $9.68B (-$306M) [Q3]

4% less first-time investments, than exits

New positions opened: 65 | Existing positions closed: 68

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

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$17

20%

upside

Avg. target

$18

27%

upside

High target

$19

34%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Goldman Sachs Bruno Amorim 44% 1-year accuracy 4 / 9 met price target	20%upside $17	Buy Maintained	12 Nov 2024
JP Morgan Rodolfo Angele 30% 1-year accuracy 3 / 10 met price target	34%upside $19	Overweight Upgraded	25 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 21 articles about PBR published over the past 30 days

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.

Petrobras: There's Still Time To Buy This On The Cheap

Zacks Investment Research

Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field

As a non-operated asset, PBR's decision to divest its stake in the Tartaruga field does not affect the company's existing operations in Sergipe.

Petrobras to Transfer Minority Stake in Sergipe's Tartaruga Field

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.

Petrobras' 5-Year Plan Could Provide Strong Returns

Of 36 Dividend Power Dogs, 11 Are Buyable In November

Eleven of the 35 Dividend Power Dogs are recommended for their "safer" dividends, with free cash-flow yields exceeding dividend yields, making them ideal buys. The Dividend Power strategy focuses on high earnings yield and high dividend yield, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for the top ten DiviPower stocks by November 2025, with potential net gains ranging from 55.4% to 108.51%.

Of 36 Dividend Power Dogs, 11 Are Buyable In November

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.

Petrobras: A Gift That Keeps On Giving - Rich Yields Remain Attractive

Zacks Investment Research

Petrobras-Yara Partner to Revive Fertilizer Production in Brazil

PBR and Yara International join forces for domestic production of fertilizer ARLA 32, reducing dependency on imports.

Petrobras-Yara Partner to Revive Fertilizer Production in Brazil

Zacks Investment Research

Petrobras Plans Bold Return to Ethanol With Strategic Partnerships

PBR, in talks with Raizen, BP and Inpasa, plans to invest $2.2 billion in ethanol distilleries as part of its strategic plan for a 2025-2029 biofuels comeback.

Petrobras Plans Bold Return to Ethanol With Strategic Partnerships

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.

Petrobras approves $3.4 billion in extra dividends, $111 billion strategic plan

Zacks Investment Research

Petrobras Q3 Earnings Beat Despite a Decline in Production

As of Sept. 30, 2024, PBR has recorded a net debt of $44,251 million.

Petrobras Q3 Earnings Beat Despite a Decline in Production

Zacks Investment Research

Petrobras Proposes $111 Billion Business Plan for 2025-2029

PBR's new business plan outlines $111 billion in investments, including $45 billion in regular dividends and boosting production for 2025-2029.

Petrobras Proposes $111 Billion Business Plan for 2025-2029

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