Earnest Partners LLC Buys 1,665,873 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Earnest Partners LLC grew its position in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) by 52.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,872,441 shares of the oil and gas exploration company’s stock after purchasing an additional 1,665,873 shares during the period. Earnest Partners LLC’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $61,685,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Capital International Investors boosted its position in Petroleo Brasileiro S.A.- Petrobras by 14.7% in the third quarter. Capital International Investors now owns 20,211,745 shares of the oil and gas exploration company’s stock valued at $255,881,000 after buying an additional 2,592,536 shares in the last quarter. ARGA Investment Management LP increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 70.4% during the third quarter. ARGA Investment Management LP now owns 18,808,705 shares of the oil and gas exploration company’s stock worth $238,118,000 after buying an additional 7,772,595 shares in the last quarter. Mondrian Investment Partners LTD bought a new position in shares of Petroleo Brasileiro S.A.- Petrobras in the third quarter valued at approximately $140,433,000. Perpetual Ltd raised its stake in shares of Petroleo Brasileiro S.A.- Petrobras by 1.0% in the third quarter. Perpetual Ltd now owns 3,295,157 shares of the oil and gas exploration company’s stock valued at $41,717,000 after acquiring an additional 33,500 shares during the last quarter. Finally, Todd Asset Management LLC boosted its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 4.9% in the 3rd quarter. Todd Asset Management LLC now owns 3,137,096 shares of the oil and gas exploration company’s stock worth $39,716,000 after acquiring an additional 147,650 shares in the last quarter.

Analyst Ratings Changes

PBR has been the subject of a number of recent analyst reports. UBS Group raised their price target on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the company a “buy” rating in a report on Wednesday, January 14th. Wall Street Zen lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group increased their target price 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. Jefferies Financial Group lowered Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and lowered their target price for the company from $20.30 to $19.00 in a research note on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Petroleo Brasileiro S.A.- Petrobras in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $16.20.

Petroleo Brasileiro S.A.- Petrobras Stock Down 2.1%

Shares of PBR opened at $18.57 on Monday. The firm has a market capitalization of $119.65 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.18 and a beta of 0.51. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.48 and a current ratio of 0.71. The business’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $13.29. Petroleo Brasileiro S.A.- Petrobras has a 52 week low of $11.03 and a 52 week high of $19.29.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, May 28th. Stockholders of record on Friday, April 24th will be paid a dividend of $0.1191 per share. The ex-dividend date of this dividend is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras’s dividend payout ratio is 13.16%.

Key Headlines Impacting Petroleo Brasileiro S.A.- Petrobras

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

• Positive Sentiment: Petrobras will raise diesel prices to distributors by 0.38 reais per liter starting March 14, which should help near‑term revenue and margins after the recent oil shock. Brazil’s Petrobras to raise diesel prices after oil shock
• Positive Sentiment: Petrobras signed a $736 million deal with Oceanica for six offshore support vessels to expand subsea inspection, maintenance and intervention capacity across Brazil’s offshore fields — a capex push that supports sustained production and field uptime. Petrobras Inks $736 Million Offshore Vessel Contracts With Oceanica
• Positive Sentiment: P‑78 FPSO achieved first gas injection just 61 days after first oil, which should lift output at the Buzios pre‑salt field and support production guidance. This operational milestone reduces execution risk on growth projects. Petrobras Achieves Key Milestone With P-78 FPSO’s First Gas Injection
• Positive Sentiment: Goldman Sachs reaffirmed a buy on Petrobras, adding institutional support to the thesis that the company can deliver on upstream growth and cash generation. Goldman Sachs Remains a Buy on Petroleo Brasileiro SA- Petrobras (PBR)
• Neutral Sentiment: Long‑term performance write‑ups highlight how a decade‑long investment in Petrobras would have performed — useful context for long‑term investors but not an immediate price driver. Here’s How Much a $1000 Investment in Petrobras Made 10 Years Ago Would Be Worth Today
• Neutral Sentiment: Macro commentary on Brazil ETF (EWZ) and oil prices underscores that Petrobras remains highly correlated to oil — positive for upside if oil stays elevated, but also increases volatility risk. If Oil Holds Above $90, EWZ Investors Are Going To Be In For A Wild Ride
• Negative Sentiment: Petrobras’ board approved joining Brazil’s newly announced diesel commercialization subsidy program (pending regulator details). Investors often view government subsidy programs as a potential source of political interference or margin constraints unless compensation terms fully protect the company. Petrobras Joins Brazil’s Diesel Subsidy Program to Stabilize Prices
• Negative Sentiment: Jefferies downgraded Petrobras from buy to hold and trimmed its price target to $19 (from $20.30), signaling more cautious near‑term expectations and reducing some analyst momentum. Jefferies downgrades Petrobras

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.