FORA Capital LLC Buys Shares of 114,310 Petroleo Brasileiro S.A.- Petrobras $PBR

Key Points

• FORA Capital opened a new position in Petrobras in Q3, buying 114,310 shares valued at about $1.45 million.
• Petrobras reported positive operational and commercial developments — raising diesel prices by 0.38 reais/liter, signing a $736 million contract for six offshore support vessels, and achieving first gas injection on the P‑78 FPSO — which should help near‑term revenue and production.
• Analyst views are mixed with a MarketBeat consensus "Hold" and $16.20 average price target, and the company announced a special dividend of $0.1191 per share (record Apr 24; paid May 28).

FORA Capital LLC purchased a new position in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 114,310 shares of the oil and gas exploration company's stock, valued at approximately $1,447,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Financial Gravity Companies Inc. bought a new stake in shares of Petroleo Brasileiro S.A.- Petrobras during the second quarter valued at about $26,000. Geneos Wealth Management Inc. lifted its holdings in Petroleo Brasileiro S.A.- Petrobras by 74.9% in the second quarter. Geneos Wealth Management Inc. now owns 2,438 shares of the oil and gas exploration company's stock worth $30,000 after purchasing an additional 1,044 shares during the period. New Millennium Group LLC bought a new position in Petroleo Brasileiro S.A.- Petrobras in the 3rd quarter valued at about $59,000. Activest Wealth Management grew its position in Petroleo Brasileiro S.A.- Petrobras by 78.5% in the 3rd quarter. Activest Wealth Management now owns 6,864 shares of the oil and gas exploration company's stock valued at $87,000 after buying an additional 3,018 shares in the last quarter. Finally, Westfuller Advisors LLC acquired a new position in Petroleo Brasileiro S.A.- Petrobras during the 3rd quarter valued at about $90,000.

Key Stories 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

Analysts Set New Price Targets

A number of research firms have commented on PBR. Wall Street Zen downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "hold" rating in a research report on Saturday. Jefferies Financial Group lowered shares of Petroleo Brasileiro S.A.- Petrobras from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.30 to $19.00 in a research note on Friday. The Goldman Sachs Group boosted 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. UBS Group upped their target price on Petroleo Brasileiro S.A.- Petrobras from $14.40 to $14.60 and gave the stock a "buy" rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Petroleo Brasileiro S.A.- Petrobras in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Petroleo Brasileiro S.A.- Petrobras currently has an average rating of "Hold" and a consensus price target of $16.20.

Petroleo Brasileiro S.A.- Petrobras Price Performance

Shares of NYSE PBR opened at $18.57 on Friday. Petroleo Brasileiro S.A.- Petrobras has a twelve month low of $11.03 and a twelve month high of $19.29. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average of $15.07 and a two-hundred day moving average of $13.27. The company has a market capitalization of $119.65 billion, a price-to-earnings ratio of 6.11, a PEG ratio of 0.19 and a beta of 0.51.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The firm also recently announced a special dividend, which will be paid on Thursday, May 28th. Investors of record on Friday, April 24th will be issued a dividend of $0.1191 per share. The ex-dividend date is Friday, April 24th. Petroleo Brasileiro S.A.- Petrobras's dividend payout ratio (DPR) is presently 13.16%.

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.

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