Cowen Inc. lifted its holdings in Petrobras Argentina S.A. (NYSE:PZE) by 38.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,167 shares of the oil and gas company’s stock after buying an additional 140,162 shares during the quarter. Cowen Inc. owned approximately 0.25% of Petrobras Argentina worth $6,375,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Fiera Capital Corp bought a new position in Petrobras Argentina in the 2nd quarter worth about $14,039,000. Bluefin Trading LLC lifted its stake in Petrobras Argentina by 32.4% during the 2nd quarter. Bluefin Trading LLC now owns 1,732,210 shares of the oil and gas company’s stock valued at $20,804,000 after acquiring an additional 424,326 shares during the period. Private Advisory Group LLC lifted its stake in Petrobras Argentina by 23.3% during the 2nd quarter. Private Advisory Group LLC now owns 28,388 shares of the oil and gas company’s stock valued at $341,000 after acquiring an additional 5,372 shares during the period. Finally, FNY Partners Fund LP lifted its stake in Petrobras Argentina by 1,413.9% during the 3rd quarter. FNY Partners Fund LP now owns 15,139 shares of the oil and gas company’s stock valued at $191,000 after acquiring an additional 14,139 shares during the period. 3.63% of the stock is currently owned by hedge funds and other institutional investors.
Separately, ValuEngine cut shares of Petrobras Argentina from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st.
About Petrobras Argentina
Petrobras Argentina SA, formerly Petrobras Energia SA, is an Argentina-based company primarily engaged in the petroleum refining sector. The Company’s activities are structured in four business segments: Oil and Gas Exploration and Production, including the acquisition, exploration, exploitation and maintenance of oil and gas reserves; Refining and Distribution, processing and marketing of petroleum products; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution, as well as fossil fuel and hydroelectric power energy generation.
Receive News & Ratings for Petrobras Argentina Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petrobras Argentina and related companies with MarketBeat.com's FREE daily email newsletter.