Cowen Inc. grew its holdings in Petrobras Argentina SA (NYSE:PZE) by 36.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 688,725 shares of the oil and gas company’s stock after purchasing an additional 183,558 shares during the quarter. Petrobras Argentina comprises about 0.4% of Cowen Inc.’s portfolio, making the stock its 26th biggest position. Cowen Inc. owned approximately 0.34% of Petrobras Argentina worth $9,360,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. FNY Partners Fund LP raised 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 worth $191,000 after buying an additional 14,139 shares during the period. Eqis Capital Management Inc. acquired a new position in Petrobras Argentina during the 4th quarter worth approximately $358,000. Finally, BlackRock Inc. acquired a new position in Petrobras Argentina during the 4th quarter worth approximately $390,000. 3.79% of the stock is currently owned by institutional investors.
PZE stock traded up $0.04 during trading on Friday, reaching $11.94. 3,902 shares of the stock were exchanged, compared to its average volume of 21,851. Petrobras Argentina SA has a twelve month low of $10.35 and a twelve month high of $14.80. The company has a market cap of $2,402.90, a P/E ratio of -1,194.00 and a beta of 1.32.
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Petrobras Argentina Profile
Petrobras Argentina SA operates as an integrated energy company. It operates through four segments: Electricity Distribution, Oil and Gas, Refining and Distribution, and Petrochemicals. The Electricity Distribution segment engages in the distribution of electricity. As of December 31, 2016, this segment served an area of 4,637 square kilometers and approximately 2.9 million customers.
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