5 Hot Oil Stocks To Buy Now

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

Average 3-month Volume as of January 31: 33.03 Million

YTD Share Price Gains as of January 31: 18.74%

Number of Hedge Fund Holders: 33

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) explores for, produces, and sells oil and gas in Brazil and internationally. The company operates through Exploration and Production, Refining, Transportation and Marketing, Gas and Power, and Corporate and Other Businesses segments. On January 18, Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) announced that its total oil and gas production for FY 2022 was 2.68 million boe per day, exceeding past its full-year target of 2.6 million boe per day. It is one of the hot stocks to monitor. 

On December 13, Bradesco BBI analyst Vicente Neto downgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to Neutral from Outperform with a R$26 price target. 

Among the hedge funds tracked by Insider Monkey, 33 funds were bullish on Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) at the end of Q3 2022, compared to 30 in the last quarter. Jim Simons’ Renaissance Technologies is a prominent stakeholder of the company, with 20.25 million shares worth $250 million. 

Follow Petroleo Brasileiro Sa Petrobras (NYSE:PBR)

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