The Manufacturers Life Insurance Company Makes New Investment in Petroleo Brasileiro S.A.- Petrobras $PBR

The Manufacturers Life Insurance Company purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 and hedge funds also recently 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% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,852 shares of the oil and gas exploration company’s stock valued at $471,000 after buying an additional 11,680 shares in the last quarter. Focus Partners Wealth grew its stake in Petroleo Brasileiro S.A.- Petrobras by 7.0% in the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock valued at $296,000 after acquiring an additional 1,356 shares during the period. Cresset Asset Management LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 55.9% in 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 acquiring an additional 5,624 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Petroleo Brasileiro S.A.- Petrobras by 797.8% in the second quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock worth $235,000 after acquiring an additional 16,699 shares in the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Petroleo Brasileiro S.A.- Petrobras by 35.0% during the second quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock worth $674,000 after purchasing an additional 13,988 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PBR. JPMorgan Chase & Co. cut their price objective on Petroleo Brasileiro S.A.- Petrobras from $24.00 to $23.00 and set an “overweight” rating on the stock in a report on Wednesday, June 3rd. 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. Bank of America upgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.70 to $24.80 in a report on Friday, April 17th. Finally, Zacks Research lowered 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 equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.28.

Trending Headlines about Petroleo Brasileiro S.A.- Petrobras

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

Petroleo Brasileiro S.A.- Petrobras Price Performance

PBR stock opened at $17.98 on Monday. The stock has a 50-day moving average price of $17.66 and a two-hundred day moving average price of $18.20. Petroleo Brasileiro S.A.- Petrobras has a 1 year low of $11.43 and a 1 year high of $22.24. The stock has a market cap of $115.84 billion, a PE ratio of 4.54, a price-to-earnings-growth ratio of 0.73 and a beta of 0.33. The company has a current ratio of 0.74, a quick ratio of 0.49 and a debt-to-equity ratio of 0.68.

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

Petroleo Brasileiro S.A.- Petrobras Dividend Announcement

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

About Petroleo Brasileiro S.A.- Petrobras

Petro?leo 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.