Baillie Gifford Adds $272M in Petróleo Brasileiro S.A. - Petrobras ($PBR)
Key Points
- Baillie Gifford changed its Petróleo Brasileiro S.A. - Petrobras ($PBR) stake by 50.5% last quarter, boosting to 44,438,548 shares worth $810.56 million.
- Wall Street's consensus rating on $PBR is Buy and an average price target of $22.82.
- $PBR last traded around $18.24.
Baillie Gifford increased its position in Petróleo Brasileiro S.A. - Petrobras ($PBR) by 50.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,438,548 shares of Petróleo Brasileiro S.A. - Petrobras after buying 14,915,026 shares during the quarter. Baillie Gifford's holdings in Petróleo Brasileiro S.A. - Petrobras were worth $810.56 million as of its most recent filing.
Petróleo Brasileiro S.A. - Petrobras ($PBR) Stock
Petróleo Brasileiro S.A. - Petrobras Earnings
Petróleo Brasileiro S.A. - Petrobras Dividend
Analysts Set New Price Targets
About Petróleo Brasileiro S.A. - Petrobras
Petróleo Brasileiro S.A. - Petrobras explores, produces, and sells oil and gas in Brazil, China, the United States, the Americas, Asia, Europe, Singapore, and internationally. It operates through three segments: Exploration and Production; Refining, Transportation & Marketing; and Gas & Low Carbon Energies. The Exploration and Production segment explores, develops, and produces crude oil, natural gas liquids, and natural gas primarily for supplies to the domestic refineries. Its Refining, Transportation and Marketing segment engages in the refining, logistics, transport, acquisition, and export of crude oil; trading of oil products; and production of fertilizers, as well as holding interests in petrochemical companies. The Gas and Low Carbon Energies segment is involved in the logistic and trading of natural gas and electricity; transportation and trading of liquefied natural gas; generation of electricity through thermoelectric power plants; renewable energy business; low carbon business; and natural gas processing business, as well as production of biodiesel and its co-products. It also engages in prospecting, drilling, refining, processing, trading, and transporting crude oil from producing onshore and offshore oil fields, and shale or other rocks, as well as oil products, natural gas, and other liquid hydrocarbons. In addition, the company engages in research, development, production, transportation, distribution, and trading of energy. Petróleo Brasileiro S.A. - Petrobras was incorporated in 1953 and is headquartered in Rio De Janeiro, Brazil.
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