5 Best Oil Stocks Under $20

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

Number of Hedge Fund Investors in Q1 2023: 39

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a state owned oil and gas production company that is Brazil’s largest producer and plays an important role in the country’s economy and politics. Analyst sentiment in the stock has been shifting towards Hold as of late, but the average rating is still a Buy.

Insider Monkey dug through 943 hedge funds for their first quarter of 2023 investments to discover that 39 had bought and owned the firm’s shares. Rajiv Jain’s GQG Partners is Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s largest investor through a stake worth $2.2 billion.

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)