5 Oil & Gas Stocks to Buy Today According To Rajiv Jain’s GQG Partners

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

GQG Partners’ Stake Value: $2 billion

Percentage of GQG Partners’ 13F Portfolio: 5.1%

Number of Hedge Fund Holders: 36

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) is a Brazilian oil and gas producer and seller. The company scouts for, produces, refines, processes, transports, and sells oil.

Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) earned $24 billion in revenue and $5.6 billion in net income for its fiscal fourth quarter, missing analyst estimates for revenue. BofA kept a $16.5 price target for its American Depository Receipts (ADRs) in March 2022, but downgraded the stock rating from Buy to Neutral, stating that domestic price pressure might not bode well for the company.

Mr. Jain’s GQG Partners owned 187 million Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) shares by the end of Q4 2021, for a $2 billion stake that represented 5.1% of its investment portfolio. An Insider Monkey survey of 924 hedge funds covering the same time period outlined that 36 had also owned the company’s shares.

Ken Fisher’s Fisher Asset Management is Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR)’s largest investor after GQG. It owns 35 million shares that are worth $385 million.

Disclosure: None. You can also take a look at Billionaire Lee Ainslie’s Top 10 Stock Picks and 10 Best Solar Energy Stocks To Buy Now.

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