5 Oil and Gas Stocks to Buy According to Ken Fisher

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

Number of Hedge Fund Holders: 26

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), or Petrobras, is a Brazilian oil company that is very famous among US-based hedge funds. Our data shows that 26 elite hedge funds had stakes in the company as of the end of the fourth quarter. Jim Simons’ Renaissance Technologies has a $109 million stake in the company. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) stock slipped recently after Brazil’s President Jair Bolsonaro said the company could cut profits to prevent fuel prices from exploding amid the Russia-Ukraine war.