5 Most Undervalued Stocks to Buy for Under $20

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

Number of Q4 2023 Hedge Fund Shareholders: 36

Trailing P/E Ratio: 4.02

Latest Share Price: $15.49

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a state owned Brazilian oil and gas exploration and production company. It plays a crucial role in Brazilian politics and economy, and these days, word on the street is that Brazilian President de Silva might fire Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s CEO.

By the end of December 2023, 36 out of the 933 hedge funds part of Insider Monkey’s database were Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s shareholders. Rajiv Jain’s GQG Partners owned the biggest stake which was worth $3.4 billion.

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)