5 Best Low-Priced Stocks To Buy Now

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

Number of Hedge Fund Holders: 32

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is one of the notable low-priced stocks to buy now.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) recently approved a whopping 35.8 billion reais in dividends for the fourth quarter.

However, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) fell after the company said it plans to allocate 6.5 billoin reais of the dividends in a reserve, which could result in a dividend cut.

As of the end of the fourth quarter of 2022, 32 hedge funds tracked by Insider Monkey reported owning stakes in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR). The total value of these stakes was about $3.8 billion. The biggest stakeholder of Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) was Rajiv Jain’s GQG Partners which owns a whopping $2.2 billion stake in the company.