5 Best Global Stocks To Buy Now

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

Number of Hedge Fund Holders: 23

Another foreign investment option that market analysts are watching is Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), the largest oil and gas company in Latin America. The upstream and downstream oil and gas company based in Rio de Janeiro has benefited from oil price hikes in the previous year. 

Goldman Sachs analyst Bruno Amorim is optimistic about Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), besides the existing risks of a change in the Brazilian state-owned oil company’s fuel pricing policy. On December 15, Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Buy from Neutral rating and set a price target of $14.20. 

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is also a good investment option for income investors. The oil giant pays its shareholders an annual dividend of $2.09 per share or a dividend yield of 19.01%.

GQG Partners, the largest shareholder of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), increased its position in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) by 25% in Q3, holding almost 173 million shares worth $1.8 billion. Overall, 23 hedge funds were bullish on the stock as of the end of September 2021.