Bluefin Trading LLC Grows Position in Petrobras Argentina S.A. (PZE)
Bluefin Trading LLC lifted its holdings in shares of Petrobras Argentina S.A. (NYSE:PZE) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,732,210 shares of the oil and gas company’s stock after buying an additional 424,326 shares during the period. Petrobras Argentina makes up 2.2% of Bluefin Trading LLC’s portfolio, making the stock its 6th biggest position. Bluefin Trading LLC owned about 0.86% of Petrobras Argentina worth $20,804,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in PZE. Comerica Bank boosted its position in shares of Petrobras Argentina by 1.5% during the first quarter. Comerica Bank now owns 11,576 shares of the oil and gas company’s stock valued at $132,000 after buying an additional 172 shares during the last quarter. World Asset Management Inc boosted its position in shares of Petrobras Argentina by 0.3% during the first quarter. World Asset Management Inc now owns 12,533 shares of the oil and gas company’s stock valued at $138,000 after buying an additional 34 shares during the last quarter. Private Advisory Group LLC purchased a new stake in shares of Petrobras Argentina during the first quarter valued at $254,000. Eqis Capital Management Inc. purchased a new stake in shares of Petrobras Argentina during the second quarter valued at $266,000. Finally, Cowen Inc. boosted its position in shares of Petrobras Argentina by 124.3% during the second quarter. Cowen Inc. now owns 365,005 shares of the oil and gas company’s stock valued at $4,384,000 after buying an additional 202,274 shares during the last quarter. 3.42% of the stock is currently owned by institutional investors.
Petrobras Argentina S.A. (NYSE:PZE) traded down 0.61% during midday trading on Friday, hitting $13.10. The company had a trading volume of 5,352 shares. The stock has a 50 day moving average price of $12.39 and a 200-day moving average price of $11.94. The stock’s market capitalization is $2.65 billion. Petrobras Argentina S.A. has a 52 week low of $4.66 and a 52 week high of $13.47.
Separately, BidaskClub cut Petrobras Argentina from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.
Petrobras Argentina Profile
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.
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