Top 5 Stock Picks of Rajiv Jain’s GQG Partners

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

GQG Partners’ Stake Value: $1,698,597,000

Percentage of GQG Partners’ 13F Portfolio: 4.99%

Number of Hedge Fund Holders: 25

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian multinational petroleum corporation that specializes in petroleum products, natural gas, lubricant, fertilizers, biofuels, and petrochemicals. 4.99% of the 13F securities at GQG Partners are represented by the stake in Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), which is valued at $1.69 billion as of June this year. 

Earnings per share for Q3 came in at $0.52 on October 28, missing analysts’ consensus estimates by -$0.20. HSBC analyst Lilyanna Yang downgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) from Buy to Hold with a $12 price target on October 14. 

As of the second quarter of 2021, 25 hedge funds were bullish on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR), with stakes valued at $2.79 billion.