YPF Sociedad Anónima (NYSE:YPF – Get Free Report) had its price objective hoisted by UBS Group from $48.00 to $55.00 in a report released on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas exploration company’s stock. UBS Group’s price objective suggests a potential upside of 9.64% from the stock’s current price.
A number of other research firms also recently weighed in on YPF. Wall Street Zen raised shares of YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. Weiss Ratings downgraded shares of YPF Sociedad Anónima from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 12th. Zacks Research downgraded shares of YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, HSBC raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday, August 17th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, YPF Sociedad Anónima currently has an average rating of “Hold” and an average price target of $53.00.
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YPF Sociedad Anónima Trading Down 0.2%
YPF Sociedad Anónima (NYSE:YPF – Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.81. The company had revenue of $6.57 billion during the quarter, compared to the consensus estimate of $5.99 billion. YPF Sociedad Anónima had a return on equity of 10.86% and a net margin of 3.60%. On average, equities research analysts anticipate that YPF Sociedad Anónima will post 7.5 earnings per share for the current fiscal year.
Insider Activity at YPF Sociedad Anónima
In other YPF Sociedad Anónima news, CEO Horacio Daniel Marin bought 2,840 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was acquired at an average price of $46.35 per share, with a total value of $131,634.00. Following the completion of the purchase, the chief executive officer directly owned 92,193 shares of the company’s stock, valued at approximately $4,273,145.55. This trade represents a 3.18% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Matias Osvaldo Farina bought 8,875 shares of the stock in a transaction on Thursday, July 2nd. The stock was acquired at an average price of $45.22 per share, with a total value of $401,327.50. Following the completion of the acquisition, the vice president owned 55,687 shares of the company’s stock, valued at $2,518,166.14. This represents a 18.96% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 11,792 shares of company stock valued at $537,153 in the last ninety days.
Institutional Trading of YPF Sociedad Anónima
Large investors have recently modified their holdings of the stock. Oaktree Capital Management LP acquired a new position in shares of YPF Sociedad Anónima during the first quarter valued at about $40,972,000. Equinox Partners Investment Management LLC acquired a new stake in shares of YPF Sociedad Anónima in the 1st quarter worth about $21,585,000. UBS Group AG lifted its position in YPF Sociedad Anónima by 125.2% in the 3rd quarter. UBS Group AG now owns 651,384 shares of the oil and gas exploration company’s stock valued at $15,822,000 after acquiring an additional 362,155 shares in the last quarter. Bank of America Corp DE lifted its position in YPF Sociedad Anónima by 161.2% in the 2nd quarter. Bank of America Corp DE now owns 568,507 shares of the oil and gas exploration company’s stock valued at $17,880,000 after acquiring an additional 350,842 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in YPF Sociedad Anónima by 202.0% during the 1st quarter. Candriam S.C.A. now owns 444,000 shares of the oil and gas exploration company’s stock valued at $20,522,000 after purchasing an additional 297,000 shares during the last quarter. Institutional investors and hedge funds own 10.08% of the company’s stock.
YPF Sociedad Anónima Company Profile
YPF Sociedad Anónima (NYSE: YPF) is an integrated oil and gas company headquartered in Buenos Aires, Argentina. The company’s primary businesses encompass upstream exploration and production of crude oil and natural gas, midstream transportation and storage, and downstream refining and distribution. YPF operates several major refineries and a nationwide network of service stations, supplying fuels, lubricants, and petrochemical products to both retail and industrial customers.
Founded in 1922 as Yacimientos Petrolíferos Fiscales, YPF was the world’s first state‐owned oil company.
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