The Manufacturers Life Insurance Company Takes $2.07 Million Position in Petroleo Brasileiro S.A.- Petrobras $PBR

The Manufacturers Life Insurance Company purchased a new stake in Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 100,000 shares of the oil and gas exploration company’s stock, valued at approximately $2,074,000.

Several other institutional investors have also recently bought and sold shares of PBR. Sona Asset Management US LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 1st quarter valued at $1,245,000. Waverly Advisors LLC raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 11.6% during the first quarter. Waverly Advisors LLC now owns 16,442 shares of the oil and gas exploration company’s stock worth $341,000 after acquiring an additional 1,707 shares during the last quarter. Bridgewater Advisors Inc. acquired a new position in shares of Petroleo Brasileiro S.A.- Petrobras during the first quarter valued at $282,000. Cape Ann Asset Management Ltd boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 3.6% in the first quarter. Cape Ann Asset Management Ltd now owns 594,813 shares of the oil and gas exploration company’s stock valued at $11,153,000 after acquiring an additional 20,502 shares during the last quarter. Finally, Compound Planning Inc. boosted its holdings in Petroleo Brasileiro S.A.- Petrobras by 19.0% in the first quarter. Compound Planning Inc. now owns 57,599 shares of the oil and gas exploration company’s stock valued at $1,195,000 after acquiring an additional 9,184 shares during the last quarter.

Key Petroleo Brasileiro S.A.- Petrobras News

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

• Positive Sentiment: Petrobras reported second-quarter earnings of $1.72 per share, exceeding the $1.40 analyst consensus, while revenue of $33.61 billion also surpassed expectations of $31.46 billion. Net profit nearly doubled year over year, rising 96.8%, supported by stronger crude, gasoline and diesel prices. Petrobras’ net profit nearly doubles in the second quarter
• Positive Sentiment: Management highlighted historic quarterly net income and record gross profit, attributing the performance to operational efficiency, higher production and stronger cash generation. Petrobras Q2 2026 Earnings Call Highlights
• Positive Sentiment: CEO Magda Chambriard said Petrobras will “very likely” exceed its 2026 oil-production forecast, following record production in the quarter. Higher output could support revenue, cash flow and dividend capacity. Petrobras likely to exceed oil production forecast for the year
• Neutral Sentiment: The earnings call and presentation emphasized execution and production performance, but investors will likely seek more detail on the durability of profits, capital allocation and operating plans. Petrobras Q2 2026 Earnings Call Transcript
• Negative Sentiment: A significant portion of the earnings improvement was linked to an oil-price rally caused by supply disruptions connected to the U.S.-Iran conflict. Investors may view those gains as geopolitical and potentially short-lived, limiting enthusiasm for the stock despite the earnings beat. Petrobras Profit Tops Estimates on Iran War-Driven Oil Rally

Analysts Set New Price Targets

Several analysts have weighed in on PBR shares. Bank of America raised Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Weiss Ratings raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. lowered their price target on shares of Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, June 3rd. Finally, Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.28.

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.1%

NYSE:PBR opened at $17.98 on Monday. The company has a quick ratio of 0.49, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. Petroleo Brasileiro S.A.- Petrobras has a 12-month low of $11.43 and a 12-month high of $22.24. The stock’s fifty day simple moving average is $17.66 and its 200-day simple moving average is $18.20. The firm has a market capitalization of $115.84 billion, a P/E ratio of 4.54, a P/E/G ratio of 0.73 and a beta of 0.33.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) last released its quarterly earnings data on Tuesday, March 31st. The oil and gas exploration company reported $0.96 EPS for the quarter. Petroleo Brasileiro S.A.- Petrobras had a return on equity of 31.82% and a net margin of 24.52%.The business had revenue of $23.54 billion during the quarter. Equities research analysts expect that Petroleo Brasileiro S.A.- Petrobras will post 4.63 earnings per share for the current year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The business also recently announced a special dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Tuesday, August 25th will be given a dividend of $0.2649 per share. The ex-dividend date is Tuesday, August 25th. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 8.59%.

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.