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 SA Petrobras (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 2022 was 2.7 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.5 billion boe (85% oil). At year-end 2022, Petrobras operated 11 refineries in Brazil with capacity of 1.9 million barrels a day and distributes refined products and natural gas throughout Brazil.
A quick look at the price chart below shows us that the stock is up 19.58% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 2.30 which means that it remains undervalued.
(Shares)
Ken Fisher – 17,513,156
Howard Marks – 7,866,402
Jim Simons – 4,103,200
Israel Englander – 3,882,240
Ken Griffin – 272,395
Cliff Asness – 115,640
Joel Greenblatt – 27,983
Lee Ainslie – 18,150
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