Pocket Option: How many shares does Petrobras have

Petrobras Shareholding Structure: Complete Overview

Petrobras, officially known as Petróleo Brasileiro S.A., represents one of the fundamental pillars of the Brazilian economy and is one of the main publicly traded companies in the country’s stock market. For investors seeking to understand the dynamics of this oil giant, knowing exactly how many shares Petrobras has is the first step toward a solid fundamental analysis.

Currently, Petrobras has its social capital divided into billions of shares, distributed between common (PETR3) and preferred (PETR4) shares. This division is not just a technical detail, but a determining factor that directly influences the stock’s behavior in the market, the company’s corporate governance, and investment strategies adopted by both small investors and large institutions.

According to the most recent data released by the company itself, Petrobras’ capital consists of approximately 13.044 billion shares, with 7.442 billion common shares and 5.602 billion preferred shares. This objective answer to the question “how many shares does Petrobras have” allows us to move on to a deeper analysis of how this shareholding structure impacts the Brazilian financial market.

Understanding this overview is essential for investors who use platforms such as Pocket Option, which offers advanced tools for analyzing and trading Brazilian assets, including Petrobras shares. This comprehensive view allows for more informed decisions and more precise strategies in the Brazilian capital market.

Shareholding Distribution: Who Controls Petrobras?

When we analyze how many Petrobras shares are distributed among its shareholders, we observe a striking characteristic: the significant presence of the federal government as the majority shareholder. This particularity makes Petrobras a mixed economy company, where public and private interests coexist, often generating unique dynamics that impact the value of the shares.

The Brazilian government, through the Federal Union and entities such as BNDES and its investment arm (BNDESPar), holds approximately 36.6% of the company’s total shares. However, when we consider only common shares (with voting rights), this participation jumps to about 50.3%, guaranteeing the government effective control over the company’s strategic decisions.

This shareholding distribution has profound implications for those who invest or trade Petrobras shares through platforms such as Pocket Option. Changes in government policy, presidential transitions, or alterations in national energy strategy can generate significant volatility in the company’s share price, creating both risks and opportunities for attentive investors.

The composition of Petrobras’ free float (shares freely traded in the market) also deserves attention. Approximately 63.4% of the company’s total capital is in the hands of private investors, with about 44.5% belonging to foreign investors and 18.9% to Brazilian investors, including individuals, investment funds, and other market agents.

The Impact of ADRs on the Total Number of Shares

An aspect often overlooked when discussing how many shares Petrobras has is the company’s significant presence in the international market through ADRs (American Depositary Receipts) traded on American exchanges. These certificates, which represent company shares held in custody in the USA, expand the investor base and the liquidity of Petrobras shares globally.

Petrobras has two main types of ADRs traded on the NYSE (New York Stock Exchange): PBR, which corresponds to common shares (PETR3), and PBR.A, equivalent to preferred shares (PETR4). Each ADR represents two company shares traded in Brazil.

For investors who use Pocket Option to trade Brazilian assets, this international dimension of Petrobras presents important implications. Price movements in ADRs during American market hours often influence the opening of the Brazilian trading session the following day, creating opportunities for arbitrage strategies or anticipation of trends.

Petrobras Share Classes: PETR3 vs PETR4

When investigating how many shares Petrobras has, it is crucial to understand the fundamental differences between its two main classes of shares. This distinction is not just technical but directly impacts the risk-return profile, political and economic rights, and appropriate investment strategies for each type of stock.

Distinctive Characteristics of Each Class

Common shares (PETR3) grant voting rights at shareholder meetings, allowing their holders to participate in the most important corporate decisions, such as electing the board of directors, approving strategic business plans, and distributing dividends. Preferred shares (PETR4), although not granting voting rights, offer preference in dividend distribution, generally receiving higher values than those paid to common shareholders.

For investors who use the Pocket Option platform, these differences between Petrobras share classes offer distinct opportunities. PETR4 shares traditionally present higher liquidity and lower volatility, generally preferred by investors with a more conservative profile or focused on dividend income. PETR3 shares, on the other hand, may present more abrupt movements, especially during political changes that may affect the company’s governance.

Historically, there is a premium or discount between these two share classes that varies according to the market moment and corporate governance prospects. In periods of greater government intervention or uncertainty regarding the strategic direction of the company, the spread between PETR3 and PETR4 tends to increase, with preferred shares being traded at a greater discount relative to common shares.

Historical Evolution of Petrobras’ Social Capital

The question about how many shares Petrobras has cannot be adequately answered without a historical perspective. The company’s social capital has undergone several modifications throughout its trajectory, reflecting different moments in the Brazilian economy, investment cycles in the oil sector, and changes in the company’s corporate strategy.

Since its founding in 1953, Petrobras has experienced several distinct phases in its capital structure. Initially a 100% state-owned company, it gradually began opening its capital, with important milestones such as the first public offering of shares in 1957, listing on the Bovespa in 1968, and internationalization with the offering of ADRs on the New York Stock Exchange in 2000.

The most significant moment in the expansion of Petrobras’ social capital occurred in 2010, with one of the largest public offerings in global history. In this operation, the company raised about R$ 120 billion through the issuance of approximately 2.4 billion new shares, mainly aimed at financing the ambitious investment plan for pre-salt exploration.

For investors who use platforms such as Pocket Option, understanding this historical evolution provides important insights into the cycles of appreciation and depreciation of the company’s shares. Periods of capital expansion often coincided with phases of large investments, which later affected the company’s ability to generate returns and distribute dividends.

Buyback Program and Its Impact on the Number of Shares

A dynamic aspect that directly affects how many Petrobras shares are in circulation is the implementation of share buyback programs. These initiatives, authorized by the company’s Board of Directors, allow Petrobras to acquire its own shares in the market, temporarily reducing the number of papers in circulation (free float).

In recent years, Petrobras has actively used buyback programs as part of its capital allocation strategy. These operations generally occur when management considers that the shares are being traded below their intrinsic value, or as a way to return capital to shareholders in a complementary manner to dividend distribution.

For investors following Petrobras through Pocket Option, buyback programs represent relevant information that can impact the dynamics of supply and demand for shares in the market. When the company announces or executes a significant buyback program, this generally creates buying pressure on the shares, potentially contributing to appreciation movements in the short term.

It is important to note that shares repurchased by Petrobras can have different destinations. They can be kept in treasury for later cancellation (permanently reducing the total number of shares), used in share-based compensation programs for executives, or eventually placed back in the market at a later time.

Petrobras’ Market Value and Its Relationship with the Number of Shares

Understanding how many shares Petrobras has is fundamental to correctly calculating and interpreting the company’s market value (market cap). This metric, obtained by multiplying the price of each share by the total number of shares in circulation, represents the collective assessment that the market makes about the total value of the company.

With approximately 13.044 billion total shares, Petrobras is consistently among the companies with the highest market value in Latin America. This prominent position, however, is subject to significant variations due to the volatility of oil prices, government decisions that impact the company’s management, and changes in investors’ expectations regarding the future of the energy sector.

Operators who use Pocket Option to trade shares and derivatives linked to Petrobras should be attentive to how the company’s market value compares to its financial fundamentals. Metrics such as P/E (Price/Earnings), EV/EBITDA (Enterprise Value/EBITDA), and dividend yield are frequently used to evaluate whether the company’s shares are being traded at attractive levels relative to their international peers and their own history.

An interesting aspect of Petrobras’ valuation is the so-called “Brazil discount” or “state discount,” a phenomenon whereby Brazilian state companies tend to be traded at lower multiples than their private or international counterparts. This discount reflects the perception of additional risk associated with the possibility of political interference in the company’s management.

Investment Strategies Considering the Number of Petrobras Shares

For investors and traders who closely monitor how many shares Petrobras has, there are several strategies that can be implemented to take advantage of the peculiarities of this shareholding structure. Choosing the most appropriate approach depends on the investment horizon, risk tolerance, and financial objectives of each individual.

Dividend-Based Strategies

Historically, Petrobras has stood out as one of the largest dividend payers on the Brazilian stock exchange, especially in periods of high oil prices and good operational cash generation. The company’s dividend distribution policy, which establishes a minimum percentage of free cash flow to be distributed to shareholders, has resulted in dividend yields significantly above the market average at various times.

The Pocket Option platform offers tools that can help investors monitor dividend announcement and payment dates, allowing the implementation of strategies that seek to capitalize on these corporate events. In particular, trading in the period preceding the ex-date (last day to buy the share with the right to the dividend) can present interesting opportunities for short-term traders.

Future Perspectives for Petrobras’ Shareholding Structure

The question about how many shares Petrobras has may have different answers in the coming years, depending on the strategic decisions of the administration and the guidelines established by the government as the controlling shareholder. There are several possible scenarios that could significantly modify the company’s capital structure.

Among the factors that may influence future changes in the quantity and distribution of Petrobras shares, the following stand out:

For Pocket Option users interested in the Brazilian market, following these possible changes is fundamental to anticipate significant movements in the share price. Changes in the shareholding structure often signal new strategic directions or changes in the policy of value distribution to shareholders.

It is important to emphasize that, regardless of the scenarios that materialize, Petrobras will continue to be a fundamental component of the Brazilian market, representing a significant portion of the main indices and influencing the overall performance of the stock exchange. Therefore, even investors who do not have direct positions in the company are affected by its performance through investments in funds, ETFs, or other vehicles that replicate indices such as the Ibovespa.

Conclusion: What Petrobras’ Shareholding Structure Means for Investors

In answering the question “how many shares does Petrobras have,” we explored much more than a simple number. We understood the complex capital structure of one of the largest companies in Latin America, with approximately 13.044 billion shares distributed between two main types (common and preferred) and a shareholder base that combines state control with significant participation from national and international private investors.

This unique structure creates both challenges and opportunities for different investor profiles. For those with a long-term horizon and focus on dividends, Petrobras shares frequently offer attractive yields, especially in favorable periods of the oil cycle. For more active traders, the volatility associated with the perception of political risk and fluctuations in oil prices provides tactical trading opportunities.

Pocket Option positions itself as a versatile platform for investors interested in Petrobras shares, offering technical and fundamental analysis tools that assist in both long-term strategies and short-term operations. Deep understanding of the company’s shareholding structure is an important differential to maximize the potential of these tools.

Ultimately, Petrobras continues to be a thermometer of the Brazilian economy and an essential component of any investment strategy focused on the national market. Whether to capture robust dividends, seek capital appreciation in the long term, or implement more active trading strategies, understanding how many shares Petrobras has and how they are distributed is the first step toward more informed and potentially more profitable investment decisions.