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 6,790 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
23% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 22
21% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 56
3% more funds holding
Funds holding: 182 [Q2] → 187 (+5) [Q3]
0.5% less ownership
Funds ownership: 4.11% [Q2] → 3.61% (-0.5%) [Q3]
20% less capital invested
Capital invested by funds: $3.14B [Q2] → $2.51B (-$630M) [Q3]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q2] → 3 (-1) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PBR.A.
Financial journalist opinion
Based on 13 articles about PBR.A published over the past 30 days
Neutral
Reuters
1 day 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 days 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
3 days 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
4 days 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
1 week 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
2 weeks 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.
Positive
Reuters
2 weeks ago
Brazil's state oil company Petrobras pitches five-year $111 bln business plan
Brazilian state-run oil firm Petrobras announced on Monday that its management proposed to the company's board a $111 billion business plan for 2025-2029, according to a securities filing.
Neutral
GlobeNewsWire
2 weeks ago
Petrobras and Yara sign agreements for technical cooperation and commercialization of Arla 32
Petrobras and Yara have signed two agreements in a next step towards structuring a potential partnership within fertilizers and industrial products, both based on resumed production in Araucaria Nitrogenados S.A. (ANSA), a wholly-owned subsidiary of Petrobas.
Positive
Reuters
3 weeks ago
Petrobras signs deal to supply natural gas to steel mills in Southern Brazil
Brazilian state-controlled oil giant Petrobras said on Monday it has signed a deal with steelmaker Gerdau and gas distributor Sulgas to supply natural gas to two steel mills in the southern state of Rio Grande do Sul.
Positive
Seeking Alpha
3 weeks ago
Petrobras: A High-Yield Investment In A Pricey Market
Petrobras achieved impressive 3Q 2024 results, with $6.9 billion in FCF and a proposed $3 billion USD dividend, highlighting its financial strength. The company is expanding internationally, reducing domestic risks and leveraging expertise, with new stakes in South Africa and increased FPSO production. Petrobras has improved its debt position, issuing a 10-year $1 billion bond at the lowest rate in a decade, freeing up cash for shareholder returns.
Charts implemented using Lightweight Charts™