2,657,692 Shares in Petroleo Brasileiro S.A. - Petrobras $PBR Purchased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management disclosed a new third-quarter stake of 2,657,692 Petrobras shares, valued at approximately $55.5 million.
• Other institutions also initiated or expanded positions, including Artemis Investment Management, which increased its stake by 4.2% to about 6.64 million shares.
• Petrobras shares traded at $18.33 in Friday’s session; analysts’ average rating was “Buy,” with an average price target of $20.97.

William Blair Investment Management LLC purchased a new stake in Petroleo Brasileiro S.A. - Petrobras (NYSE:PBR - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,657,692 shares of the oil and gas exploration company's stock, valued at approximately $55,458,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Carrhae Capital LLP purchased a new stake in Petroleo Brasileiro S.A. - Petrobras in the second quarter valued at approximately $87,456,000. Timothy G. Youngquist 2020 Irrevocable Trust acquired a new stake in shares of Petroleo Brasileiro S.A. - Petrobras in the second quarter valued at approximately $1,027,000. Franchise GP Ltd purchased a new position in shares of Petroleo Brasileiro S.A. - Petrobras during the third quarter worth approximately $17,660,000. Artemis Investment Management LLP grew its position in shares of Petroleo Brasileiro S.A. - Petrobras by 4.2% during the third quarter. Artemis Investment Management LLP now owns 6,643,028 shares of the oil and gas exploration company's stock worth $138,640,000 after acquiring an additional 270,422 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Petroleo Brasileiro S.A. - Petrobras during the first quarter worth approximately $2,074,000.

Petroleo Brasileiro S.A. - Petrobras Stock Performance

Shares of NYSE PBR traded up $0.23 during mid-day trading on Friday, hitting $18.33. 17,735,935 shares of the company were exchanged, compared to its average volume of 27,941,668. The stock has a 50 day simple moving average of $21.96 and a 200-day simple moving average of $19.32. Petroleo Brasileiro S.A. - Petrobras has a 1-year low of $11.43 and a 1-year high of $26.39. The company has a quick ratio of 0.58, a current ratio of 0.85 and a debt-to-equity ratio of 0.64. The firm has a market cap of $118.12 billion, a price-to-earnings ratio of 4.34, a price-to-earnings-growth ratio of 0.34 and a beta of 0.33.

Top Petroleo Brasileiro S.A. - Petrobras Stories

Here are a few of the latest stories about PBR:

• Positive Sentiment: Petrobras raised its 2026 cash-flow forecast to $45–$50 billion, citing higher oil production, faster offshore project execution and efficiency gains. The stronger outlook could support investor confidence in the company’s operating performance. Petrobras lifts 2026 cash flow forecast
• Neutral Sentiment: Petrobras plans to buy out its partners in Logum, expanding its presence in biofuel logistics. The move advances diversification, though the report does not specify the purchase price or expected financial impact. Petrobras to buy out Logum partners
• Negative Sentiment: A Seeking Alpha analysis flags shrinking dividends and uncertainty tied to Brazil’s political environment as concerns, despite record earnings. Dividend expectations and perceived political risk may weigh on investor sentiment. Petrobras earnings, dividends and political risks

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PBR shares. Weiss Ratings cut shares of Petroleo Brasileiro S.A. - Petrobras from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on shares of Petroleo Brasileiro S.A. - Petrobras from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 1st. UBS Group raised their price objective on shares of Petroleo Brasileiro S.A. - Petrobras from $22.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, September 23rd. Wall Street Zen lowered shares of Petroleo Brasileiro S.A. - Petrobras from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Zacks Research raised shares of Petroleo Brasileiro S.A. - Petrobras from a "hold" rating to a "strong-buy" rating in a report on Friday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Petroleo Brasileiro S.A. - Petrobras has an average rating of "Buy" and an average target price of $20.97.

About Petroleo Brasileiro S.A. - Petrobras

Petróleo Brasileiro S.A., known as Petrobras, is an integrated energy company headquartered in Rio de Janeiro, Brazil. Founded in 1953, it is controlled by the Brazilian government and has publicly traded shares, including American depositary shares listed in the United States. Petrobras’s core business is exploring for and producing oil and natural gas, with a significant focus on offshore and deepwater fields, including Brazil’s pre-salt basins. The company also operates in refining, transportation, and the sale of oil, fuels, natural gas, and related energy products.

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