RWC Asset Management LLP Sells 429,622 Shares of Petroleo Brasileiro S.A.- Petrobras $PBR

Posted by Stanley Muller on Jun 8th, 2026

RWC Asset Management LLP decreased its stake in shares of Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Free Report) by 46.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 494,705 shares of the oil and gas exploration company’s stock after selling 429,622 shares during the quarter. RWC Asset Management LLP’s holdings in Petroleo Brasileiro S.A.- Petrobras were worth $5,862,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PBR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 boosted its stake in Petroleo Brasileiro S.A.- Petrobras by 7.0% during the first quarter. Focus Partners Wealth now owns 20,631 shares of the oil and gas exploration company’s stock worth $296,000 after acquiring an additional 1,356 shares in the last quarter. Cresset Asset Management LLC raised its holdings in Petroleo Brasileiro S.A.- Petrobras by 55.9% during 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 buying an additional 5,624 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Petroleo Brasileiro S.A.- Petrobras by 797.8% during the second quarter. NewEdge Advisors LLC now owns 18,792 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 16,699 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in Petroleo Brasileiro S.A.- Petrobras by 35.0% in the 2nd quarter. Quantinno Capital Management LP now owns 53,897 shares of the oil and gas exploration company’s stock valued at $674,000 after purchasing an additional 13,988 shares during the period.

Wall Street Analyst Weigh In

PBR has been the subject of several recent research reports. Jefferies Financial Group downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.30 to $19.00 in a research note on Friday, March 13th. The Goldman Sachs Group lifted their target price on shares of Petroleo Brasileiro S.A.- Petrobras from $13.10 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bank of America upgraded shares of 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. Wall Street Zen raised shares of Petroleo Brasileiro S.A.- Petrobras from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. Finally, Zacks Research downgraded shares of Petroleo Brasileiro S.A.- Petrobras from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.28.

Read Our Latest Research Report on PBR

Petroleo Brasileiro S.A.- Petrobras Stock Up 0.0%

NYSE:PBR opened at $17.76 on Monday. The firm’s 50-day moving average price is $20.33 and its 200-day moving average price is $16.49. The company has a market capitalization of $114.43 billion, a PE ratio of 5.77, a P/E/G ratio of 0.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.49. Petroleo Brasileiro S.A.- Petrobras has a 1-year low of $11.03 and a 1-year high of $22.24.

Petroleo Brasileiro S.A.- Petrobras (NYSE:PBR – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The oil and gas exploration company reported $0.96 earnings per share (EPS) for the quarter. The company had revenue of $23.54 billion for the quarter. Petroleo Brasileiro S.A.- Petrobras had a net margin of 21.67% and a return on equity of 23.65%. On average, equities analysts predict that Petroleo Brasileiro S.A.- Petrobras will post 4.72 EPS for the current fiscal year.

Petroleo Brasileiro S.A.- Petrobras Announces Dividend

The company also recently declared a special dividend, which will be paid on Thursday, August 27th. Investors of record on Wednesday, June 3rd will be paid a $0.1426 dividend. The ex-dividend date is Wednesday, June 3rd. Petroleo Brasileiro S.A.- Petrobras’s payout ratio is presently 11.04%.

Petroleo Brasileiro S.A.- Petrobras Profile

(Free Report)

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.