Petrobras
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 2024 was 2.7 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: 41,778
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
35% more repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 137
26% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 57
7.06% more ownership
Funds ownership: 9.31% [Q1] → 16.37% (+7.06%) [Q2]
1% more funds holding
Funds holding: 468 [Q1] → 472 (+4) [Q2]
18% less call options, than puts
Call options by funds: $299M | Put options by funds: $365M
29% less funds holding in top 10
Funds holding in top 10: 14 [Q1] → 10 (-4) [Q2]
30% less capital invested
Capital invested by funds: $10.9B [Q1] → $7.62B (-$3.31B) [Q2]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
UBS Luiz Carvalho | 18%upside $14.40 | Buy Maintained | 22 Aug 2025 |
Financial journalist opinion
Based on 33 articles about PBR published over the past 30 days
