Petroleo Brasileiro S.A.- Petrobras $PBR Shares Sold by Lesa Sroufe & Co

Lesa Sroufe & Co lowered its position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 8.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 288,600 shares of the oil and gas exploration company’s stock after selling 25,418 shares during the period. Petroleo Brasileiro S.A.- Petrobras comprises about 2.5% of Lesa Sroufe & Co’s holdings, making the stock its 12th largest position. Lesa Sroufe & Co’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $3,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 55.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock worth $471,000 after purchasing an additional 11,680 shares in the last quarter. Focus Partners Wealth increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after purchasing an additional 1,356 shares in the last quarter. M&T Bank Corp increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 138.3% during the second quarter. M&T Bank Corp now owns 30,012 shares of the oil and gas exploration company’s stock worth $375,000 after purchasing an additional 17,420 shares in the last quarter. Cresset Asset Management LLC increased its position in shares of Petroleo Brasileiro S.A.- Petrobras by 55.9% during the second quarter. Cresset Asset Management LLC now owns 15,683 shares of the oil and gas exploration company’s stock worth $201,000 after purchasing an additional 5,624 shares in the last quarter. Finally, Natixis acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter worth about $2,223,000.

Petroleo Brasileiro S.A.- Petrobras News Roundup

Here are the key news stories impacting Petroleo Brasileiro S.A.- Petrobras this week:

• Positive Sentiment: Pre-salt advantages: Coverage highlights Petrobras’ low-cost, high-margin pre-salt portfolio that is driving production growth, reserves additions and sustained cash flow — a structural earnings tailwind. Can Petrobras’ Pre-Salt Dominance Keep Driving Strong Growth?
• Positive Sentiment: Offshore drilling continuity: Petrobras extended major drilling contracts with Valaris and Seadrill, supporting ongoing deepwater activity in the Santos Basin and reducing execution risk on near-term projects. Petrobras Extends Offshore Drilling Deals With Valaris and Seadrill
• Positive Sentiment: Analyst/market sentiment: Analysts maintain a constructive stance (average “Moderate Buy”), and bullish noteflows point to strong YTD performance, attractive dividend policy and a high free-cash-flow payout that underpin investor interest. Petroleo Brasileiro S.A.- Petrobras Given Average Rating of “Moderate Buy” by Analysts
• Positive Sentiment: Bullish investor thesis: Independent commentary highlights a ~75% YTD rally driven by robust oil earnings, integrated portfolio strength and potential for steady dividends/special payouts if oil stays elevated. Petrobras: Keep Adding On Strength
• Positive Sentiment: Domestic gas price reset: Industry sources say Petrobras may raise natural gas prices to distributors by ~20% in May, which would boost domestic gas revenue and margins if realized. Brazil natural gas distributors see Petrobras raising prices by some 20% in May
• Neutral Sentiment: Contractor backlog: Seadrill’s contract extension for West Polaris adds meaningful backlog ($~480m) for the contractor and signals demand stability in Brazilian waters; indirectly supportive for Petrobras operations but more impactful to suppliers. Seadrill secures contract extension for West Polaris in Brazil
• Negative Sentiment: Governance and management change: Petrobras has shuffled leadership ahead of its shareholder meeting and appointed Marcelo Pogliese as chairman — actions that can create short-term investor uncertainty and likely contributed to today’s selling pressure. Petrobras Shakes Up Leadership Amid Governance Transition Brazil’s Petrobras names Marcelo Pogliese as new chairman
• Negative Sentiment: Near-term market reaction: Coverage noting the stock’s decline today highlights profit-taking and governance concerns as proximate causes of the pullback. Petrobras (PBR) Stock Falls Amid Market Uptick

Analyst Ratings Changes

A number of equities analysts recently issued reports on PBR shares. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their price target for the stock from $20.30 to $19.00 in a report on Friday, March 13th. Zacks Research raised Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. UBS Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.20.

Petroleo Brasileiro S.A.- Petrobras Stock Performance

NYSE PBR opened at $19.96 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.71 and a debt-to-equity ratio of 0.76. Petroleo Brasileiro S.A.- Petrobras has a 52-week low of $11.03 and a 52-week high of $21.40. The business’s 50-day moving average price is $17.64 and its 200 day moving average price is $14.23. The firm has a market cap of $128.65 billion, a P/E ratio of 6.57, a P/E/G ratio of 0.18 and a beta of 0.37.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last announced its quarterly earnings data on Sunday, February 15th. The oil and gas exploration company reported $0.45 earnings per share for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 24.26% and a net margin of 22.01%.The company had revenue of $23.61 billion for the quarter. On average, equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 2.14 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 28th. Shareholders of record on Friday, April 24th will be issued a $0.1191 dividend. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is currently 11.51%.

Petroleo Brasileiro S.A.- Petrobras Company Profile

Petróleo Brasileiro SA – Petrobras is a Brazilian, state-controlled integrated oil and gas company headquartered in Rio de Janeiro. Founded in 1953, Petrobras is principally engaged in the exploration and production of crude oil and natural gas, and operates across the full value chain from upstream activities through refining, transportation and downstream marketing of petroleum products. The company is a major player in Brazil’s energy sector and is a listed public company with global capital market presence.

Petrobras’s core activities include deepwater and ultra-deepwater exploration and production, where it has been a pioneer in developing pre-salt reserves off Brazil’s coast.