Employees Retirement System of Texas Has $776,000 Stake in Petroleo Brasileiro S.A.- Petrobras $PBR

Employees Retirement System of Texas lowered its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 69.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,509 shares of the oil and gas exploration company’s stock after selling 151,599 shares during the period. Employees Retirement System of Texas’ holdings in Petroleo Brasileiro S.A.- Petrobras were worth $776,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PBR. New York State Common Retirement Fund lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 20.9% during the third quarter. New York State Common Retirement Fund now owns 2,702,467 shares of the oil and gas exploration company’s stock worth $34,213,000 after acquiring an additional 467,737 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the third quarter worth about $1,342,000. Moran Wealth Management LLC lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 18.0% during the 4th quarter. Moran Wealth Management LLC now owns 535,044 shares of the oil and gas exploration company’s stock valued at $6,340,000 after purchasing an additional 81,567 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 8.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 1,969,030 shares of the oil and gas exploration company’s stock valued at $24,928,000 after purchasing an additional 151,300 shares in the last quarter. Finally, ORG Partners LLC grew its position in shares of Petroleo Brasileiro S.A.- Petrobras by 2,273.3% in the 4th quarter. ORG Partners LLC now owns 52,283 shares of the oil and gas exploration company’s stock valued at $619,000 after purchasing an additional 50,080 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have commented on PBR. Weiss Ratings upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research report on Sunday, March 22nd. Zacks Research upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group cut shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and cut their price objective for the company from $20.30 to $19.00 in a research report on Friday, March 13th. Finally, Bank of America raised shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.70 to $24.80 in a research note on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras has an average rating of “Buy” and a consensus price target of $18.35.

More Petroleo Brasileiro S.A.- Petrobras News

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

• Positive Sentiment: Baker Hughes expanded its integrated well construction contract with Petrobras in Brazil’s Santos Basin, a sign that Petrobras’ offshore development program remains active and may benefit from advanced drilling technology and improved execution. Baker Hughes Extends and Expands Integrated Well Construction Contract with Petrobras
• Positive Sentiment: Brokerages now have a consensus “Buy” recommendation on Petrobras, reinforcing the idea that Wall Street remains constructive on the stock’s valuation and cash-generation potential. Petroleo Brasileiro S.A.- Petrobras Receives Consensus Recommendation of Buy from Brokerages
• Positive Sentiment: One bullish view argues Petrobras remains a cheap oil stock with high yield potential, citing low production breakeven costs, leverage to higher Brent prices, and room for strong dividend yields if payouts remain elevated. Petrobras: Cheap Oil Stock With High Yield Potential
• Neutral Sentiment: Several market roundups compared Petrobras with peers and reviewed its year-to-date performance, but these articles were mostly context pieces rather than direct catalysts. Has Petroleo Brasileiro (PBR) Outpaced Other Oils-Energy Stocks This Year?
• Neutral Sentiment: Another comparison article framed Petrobras versus APA on risk/reward, highlighting that investor sentiment toward oil and gas has improved, but without a clear new company-specific catalyst. Petrobras or APA: Which Oil Stock Offers Better Risk Reward?
• Negative Sentiment: A more cautious analysis said Petrobras’ first-quarter results were mixed, with EPS and revenue below consensus and a year-over-year dividend decline, while also pointing to political and debt risks that could temper upside. Petrobras: Why I Disagree With Wall Street

Petroleo Brasileiro S.A.- Petrobras Trading Down 2.2%

NYSE PBR opened at $18.97 on Thursday. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $22.24. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.74. The stock’s 50 day moving average price is $20.48 and its two-hundred day moving average price is $16.23. The stock has a market capitalization of $122.27 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.77 and a beta of 0.38.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last posted its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The company had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. As a group, analysts anticipate that Petroleo Brasileiro S.A.- Petrobras will post 4.72 earnings per share for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently declared a special dividend, which will be paid on Thursday, August 27th. Shareholders of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 10.71%.

Petroleo Brasileiro S.A.- Petrobras 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.