5 Best Cheap Stocks To Buy For Long Term

4. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)

Latest Price To Earnings Ratio: 3.71

Number of Hedge Fund Investors In Q3 2023: 36

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is Brazil’s state-owned oil and gas producer. 2024 is an important year for the company and the broader environment as a Brazilian agency is set to decide whether Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) can drill for oil near the Amazon River.

By the end of 2023’s third quarter, 36 out of the 910 hedge funds part of Insider Monkey’s database were the firm’s shareholders. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s biggest hedge fund shareholder is Rajiv Jain’s GQG Partners as it owns $3.1 billion worth of shares.

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)