5 Cheap Value Stocks to Buy for 2022

In this article, we discuss 5 cheap value stocks to buy for 2022. If you want our detailed analysis of value investing and these stocks, go directly to 10 Cheap Value Stocks to Buy for 2022. 

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

P/E Ratio: 3.07

Price as of December 9: $11.18

Number of Hedge Fund Holders: 23

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) offers a high dividend yield of 17.89%. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian government-owned multinational petroleum corporation that deals in petroleum products, natural gas, lubricant, petrochemicals, fertilizers, and biofuels. 

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced Q3 earnings on October 28. EPS in the quarter totaled $0.51, exceeding estimates by $0.02. Revenue over the period equaled $21.61 billion, missing estimates by $264.07 million. On November 16, HSBC analyst Lilyanna Yang upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Buy from Hold with a $13 price target.

The third quarter database of Insider Monkey reported that 23 hedge funds were bullish on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), holding stakes amounting to $3 billion. This is compared to 25 funds in the preceding quarter, with total stakes valued at $2.79 billion. 

Rajiv Jain’s GQG Partners is the leading Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stakeholder from Q3 2021, increasing his stake in the company by 25% at the end of September, holding over 173 million shares of the company, worth $1.79 billion.