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 (Petrobras) ADR (NYSE: PBR)
Petrobras 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 Petrobras shows us that the stock is down 52% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 6.91, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Petrobras include:
Jim Simons – 57,313,130 shares
Ken Fisher – 40,867,255 shares
Howard Marks – 4,110,666 shares
Israel Englander – 3,093,344 shares
Ken Griffin – 1,893,448 shares
Steve Cohen – 1,549,104 shares
Lee Ainslie – 121,094 shares
Cliff Asness – 80,513 shares
Jeremy Grantham – 54,500 shares
Paul Tudor Jones – 21,200 shares
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