Acquirer’s Multiple Stock $PBR Appearing In Marks, Simons, Grantham Portfolios

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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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