Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Petroleo Brasileiro (NYSE: PBR)
Petroleo Brasileiro is a Brazil-based integrated energy company controlled by the Brazilian government. The company focuses on exploration and production for oil and gas in Brazilian offshore fields. Production in 2019 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 9.6 billion boe (85% oil). Petrobras operates 13 refineries in Brazil with capacity of 2.2 million barrels a day and distributes refined products and natural gas throughout Brazil.
A quick look at the price chart below for Petroleo Brasileiro shows us that the stock is down 39% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 5.55, which means that it’s undervalued.
Superinvestors who currently hold positions in Petroleo Brasileiro:
Jim Simons – 66,170,330 shares
Ken Fisher – 37,892,571 shares
Howard Marks – 3,728,093 shares
Ken Griffin – 1,994,498 shares
Lee Ainslie – 261,993 shares
Ray Dalio – 196,014 shares
Cliff Asness – 113,062 shares
Paul Tudor Jones – 54,618 shares
Jim O’Shaughnessy – 30,756 shares
Mario Gabelli – 30,000 shares
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