|Bid||11.00 x 38800|
|Ask||11.09 x 41800|
|Day's Range||10.92 - 11.34|
|52 Week Range||9.20 - 16.30|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||2.56|
|Forward Dividend & Yield||4.39 (40.07%)|
|Ex-Dividend Date||May 24, 2022|
|1y Target Est||15.98|
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The incoming chief executive of Brazil's state-run oil company Petrobras told a corporate committee he has not received any guidance from the government on changing the firm's fuel pricing policy, a document showed on Saturday. Caio Mario Paes de Andrade, a former economy ministry official appointed by President Jair Bolsonaro to run Petrobras, was approved by the eligibility committee on Friday, a key step for him to take the reins of the company. The minutes of the meeting, published by Petrobras on Saturday, showed the committee had asked Andrade about the company's pricing policy, a topic that helped bring down three CEOs during Bolsonaro's tenure as price hikes created tensions with the far-right leader.
Brazil's antitrust watchdog on Wednesday approved the sale of state-run oil firm Petrobras' 51% stake in gas company Gaspetro with no restrictions. Petrobras is selling the stake to Compass, which is controlled by energy company Cosan, for 2.03 billion reais ($394.15 million), according to a statement from Compass when the deal was announced last July. Japan's Mitsui & Co owns the remaining 49% stake in Gaspetro, a holding company which controls 18 distributors of piped natural gas.
(Bloomberg) -- Former President Luiz Inacio Lula da Silva saw his lead over incumbent Jair Bolsonaro grow to 17 percentage points in a possible second round, the widest in five months, according to a new poll carried out after the latest fuel price increase in Brazil. Most Read from BloombergThe World’s Bubbliest Housing Markets Are Flashing Warning SignsJuul Soon to Be Ordered Off the Market by FDA, WSJ ReportsSwitzerland Imports Russian Gold for First Time Since WarStocks Snap Rally as Recessi