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 of oil and gas in Brazilian offshore fields. Production in 2023 was 2.8 million barrels of oil equivalent a day (80% oil production), and reserves stood at 10.9 billion boe (85% oil). At end-2023, Petrobras operated 10 refineries in Brazil with capacity of 1.8 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 4.43% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 2.60 which means that it remains undervalued.
Source: Google Finance
(Shares)
Ken Fisher – 15,029,495
Howard Marks – 5,099,509
Ken Griffin – 4,166,411
Israel Englander – 1,977,257
Cliff Asness – 126,766
Steve Cohen – 56,968
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