William Blair Investment Management LLC Buys New Shares in Petroleo Brasileiro S.A. – Petrobras $PBR

William Blair Investment Management LLC bought a new position in shares of Petroleo Brasileiro S.A. – Petrobras (NYSE:PBR) in the third quarter, HoldingsChannel reports. The firm bought 2,657,692 shares of the oil and gas exploration company’s stock, valued at approximately $55,458,000.

Several other hedge funds have also modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of Petroleo Brasileiro S.A. – Petrobras in the 2nd quarter valued at approximately $31,000. Jacobi Capital Management LLC acquired a new position in Petroleo Brasileiro S.A. – Petrobras during the third quarter worth $45,000. NFSG Corp grew its holdings in Petroleo Brasileiro S.A. – Petrobras by 153.8% during the third quarter. NFSG Corp now owns 4,125 shares of the oil and gas exploration company’s stock worth $86,000 after acquiring an additional 2,500 shares during the period. GK Wealth Management LLC purchased a new position in Petroleo Brasileiro S.A. – Petrobras in the third quarter worth $97,000. Finally, Vestor Capital LLC purchased a new position in Petroleo Brasileiro S.A. – Petrobras in the first quarter worth $119,000.

Key Petroleo Brasileiro S.A. – Petrobras News

Here’s some of the latest news 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: Reuters reported that BP is in talks to sell Petrobras a stake in a Brazilian oil discovery. A deal could add to Petrobras’ resource base, but talks are not confirmation of a transaction, and terms and costs were not reported. BP talks to sell Petrobras stake
• 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

Petroleo Brasileiro S.A. – Petrobras Price Performance

Shares of NYSE:PBR traded up $0.23 during trading on Friday, hitting $18.33. 17,735,935 shares of the stock were exchanged, compared to its average volume of 27,941,668. The company has a fifty day moving average price of $21.96 and a two-hundred day moving average price of $19.32. The company has a market cap of $118.12 billion, a PE ratio of 4.34, a P/E/G ratio of 0.34 and a beta of 0.33. The company has a current ratio of 0.85, a quick ratio of 0.58 and a debt-to-equity ratio of 0.64. Petroleo Brasileiro S.A. – Petrobras has a 12-month low of $11.43 and a 12-month high of $26.39.

Wall Street Analysts Forecast Growth

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

Petroleo Brasileiro S.A. – Petrobras Profile

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.