LSV Asset Management Buys 7,900 Shares of Petrobras Argentina SA (PZE)
LSV Asset Management increased its stake in Petrobras Argentina SA (NYSE:PZE) by 78.2% during the second quarter, Holdings Channel reports. The institutional investor owned 18,000 shares of the company’s stock after buying an additional 7,900 shares during the period. LSV Asset Management’s holdings in Petrobras Argentina SA were worth $113,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of PZE. UBS Asset Management Americas Inc. increased its stake in shares of Petrobras Argentina SA by 1.5% in the first quarter. UBS Asset Management Americas Inc. now owns 48,400 shares of the company’s stock valued at $317,000 after buying an additional 700 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Petrobras Argentina SA by 18.8% in the second quarter. Eqis Capital Management Inc. now owns 25,966 shares of the company’s stock valued at $163,000 after buying an additional 4,112 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Petrobras Argentina SA by 7.3% in the first quarter. Acadian Asset Management LLC now owns 1,631,578 shares of the company’s stock valued at $10,687,000 after buying an additional 111,179 shares during the last quarter. 5.88% of the stock is currently owned by institutional investors and hedge funds.
Shares of Petrobras Argentina SA (NYSE:PZE) traded up 1.55% during mid-day trading on Wednesday, reaching $6.56. The company had a trading volume of 367,767 shares. The stock has a 50 day moving average of $6.27 and a 200-day moving average of $6.32. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 26.24 and a beta of 1.58. Petrobras Argentina SA has a one year low of $4.69 and a one year high of $6.85.
Petrobras Argentina SA Company Profile
Petrobras Argentina SA, (formerly Petrobras Energia SA), is an Argentina-based integrated company primarily engaged in the energy 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, focusing in the production of fuels, lubricants and asphalts; Petrochemicals, comprising the production of styrene, polystyrene, bi-oriented polystyrene (BOPS) and synthetic rubber; as well as Gas and Energy, providing gas distribution and electric energy generation and transmission.
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