5 Best Stocks Under $10 in 2021

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

Number of Hedge Fund Holders: 24

Petróleo Brasileiro S.A. – Petrobras (NYSE: PBR) is a significant player in the oil industry with operations in six major segments, including exploration, production, refining, distribution, transportation, and marketing. The company deals with oil and gas. The following developments highlight why Petrobras is one of the top 10 stocks under $10, considering the growth opportunities ahead. It ranks 3rd in the list of 10 best stocks under $10 in 2021.

Joaquim Silva e Luna, the company’s incoming CEO, reportedly endorsed the hiring of four of the company’s executives to lead some of its divisions. Four divisional executives exited the company after the previous CEO, Roberto Castello, was dismissed by President Jair Bolsonaro of Brazil due to a fuel prices dispute. PBR recently declared a $0.278 dividend per share.