5 Stocks to Buy Under $20 According to Ken Fisher

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

Fisher Asset Management’s Stake Value: $385,003,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.21%

Number of Hedge Fund Holders: 26

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is an oil and gas company based in Rio de Janeiro, Brazil. With a market cap of $92.16 billion, it is one of the largest producers of oil globally. Fisher Asset Management owns a $385 million stake in the firm as of Q4, comprising of 35 million shares and amounting to 0.21% of its total holdings.

Goldman Sachs analyst Bruno Amorim upgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to ‘Buy’ from ‘Neutral’ in December, and set a price target of $14.20, forecasting a positive risk/reward for the company heading into 2022. As of March 4, the firm has gained a whopping 90.17% in the last 12 months, and 32.15% year to date.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) reported its Q4 earnings on February 24, and recorded an EPS of $0.71, beating estimates by $0.06. Quarterly revenue of $26.22 billion was above analysts’ forecasts by $1.21 billion.

Investors were seen loading up on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares, with 26 hedge funds holding stakes in the company in Q4 2021, up from 23 in the previous quarter.