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Petrobras Shares Rise as Several Investors Increase Holdings

Petrobras logoPetrobras
Sig1.34Sen+1.25Env0.00Soc0.00Gov0.00

Several funds increased stakes in Petrobras, including Quantinno Capital Management and MIRAE Asset, while Carrhae Capital held about 0.08% at quarter end. The shares rose 3.6%, with 28.8 million shares traded versus an average 22.7 million. Petrobras’ dividend announcement showed a 10.86% payout ratio, alongside a reiterated buy rating and a higher JPMorgan price target.

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