BlueCrest Capital Management Ltd increased its stake in YPF Sociedad Anónima (NYSE:YPF – Free Report) by 52.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,504 shares of the oil and gas exploration company’s stock after acquiring an additional 23,004 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in YPF Sociedad Anónima were worth $3,024,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the stock. Oaktree Capital Management LP bought a new stake in YPF Sociedad Anónima in the first quarter valued at $40,972,000. Equinox Partners Investment Management LLC acquired a new position in YPF Sociedad Anónima during the 1st quarter worth approximately $21,585,000. UBS Group AG boosted its holdings in YPF Sociedad Anónima by 125.2% in the third quarter. UBS Group AG now owns 651,384 shares of the oil and gas exploration company’s stock worth $15,822,000 after acquiring an additional 362,155 shares in the last quarter. Bank of America Corp DE increased its position in shares of YPF Sociedad Anónima by 161.2% during the second quarter. Bank of America Corp DE now owns 568,507 shares of the oil and gas exploration company’s stock worth $17,880,000 after acquiring an additional 350,842 shares in the last quarter. Finally, Candriam S.C.A. increased its position in shares of YPF Sociedad Anónima by 202.0% during the first quarter. Candriam S.C.A. now owns 444,000 shares of the oil and gas exploration company’s stock worth $20,522,000 after acquiring an additional 297,000 shares in the last quarter. Institutional investors and hedge funds own 10.08% of the company’s stock.
YPF Sociedad Anónima Trading Up 3.2%
NYSE:YPF opened at $54.81 on Thursday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.93. The firm has a market cap of $21.56 billion, a price-to-earnings ratio of 28.85 and a beta of 1.25. YPF Sociedad Anónima has a 52 week low of $22.82 and a 52 week high of $57.49. The firm has a 50-day moving average price of $50.28 and a two-hundred day moving average price of $46.62.
Insider Transactions at YPF Sociedad Anónima
In related news, CEO Horacio Daniel Marin purchased 2,840 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of $46.35 per share, with a total value of $131,634.00. Following the acquisition, the chief executive officer owned 92,193 shares of the company’s stock, valued at $4,273,145.55. This represents a 3.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Matias Osvaldo Farina purchased 8,875 shares of YPF Sociedad Anónima stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average price of $45.22 per share, with a total value of $401,327.50. Following the transaction, the vice president owned 55,687 shares of the company’s stock, valued at $2,518,166.14. This trade represents a 18.96% increase in their position. The SEC filing for this purchase provides additional information.
Analysts Set New Price Targets
YPF has been the subject of a number of analyst reports. UBS Group lifted their price target on YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 27th. Weiss Ratings upgraded YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, August 26th. Zacks Research cut YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Wall Street Zen upgraded YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 18th. Finally, JPMorgan Chase & Co. increased their price target on YPF Sociedad Anónima from $61.50 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, YPF Sociedad Anónima presently has an average rating of “Moderate Buy” and a consensus price target of $60.33.
View Our Latest Report on YPF Sociedad Anónima
YPF Sociedad Anónima Profile
YPF Sociedad Anónima is an Argentine integrated energy company engaged in the exploration, development and production of crude oil and natural gas. The company operates across Argentina, including the Vaca Muerta formation in the Neuquén Basin, one of the country’s most important unconventional hydrocarbon regions.
YPF’s downstream operations include refining crude oil, marketing fuels and lubricants, producing petrochemicals, and distributing petroleum products through a network of service stations and commercial channels.
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