5 Stocks Under $30 In Ken Fisher’s Portfolio

3. 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

Closing Price on March 16: $13.26

Petrobras (NYSE:PBR) operates as an oil and gas company and is based in Rio de Janeiro, Brazil. In December, Goldman Sachs analyst Bruno Amorim upgraded Petrobras (NYSE:PBR) to Buy from Neutral and gave the stock a $14.20 price target.

This February, Petrobras (NYSE:PBR) announced that its earnings per share for the fiscal fourth quarter of 2021 equaled $0.71, beating estimates by $0.06. The company reported quarterly revenues of $26.22 billion for the quarter, beating revenue estimates by $1.21 billion. As of March 17, 2022, Petrobras (NYSE:PBR) has gained 37.13% over the past six months.

Petrobras (NYSE:PBR) was a part of 26 hedge fund portfolios at the end of the fourth quarter of 2021, up from 23 hedge funds at the end of the third quarter of 2021. The total stakes in the company also saw a rise, from roughly $3.0 billion in Q3 2021 to $3.76 billion at the close of Q4 2021.