Ultrapar Participacoes (NYSE:UGP) CEO Decio De Sampaio Amaral Sells 8,000 Shares

Ultrapar Participacoes S.A. (NYSE:UGP) CEO Decio De Sampaio Amaral sold 8,000 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total transaction of $55,440.00. Following the completion of the transaction, the chief executive officer owned 151,432 shares of the company’s stock, valued at $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ultrapar Participacoes Stock Up 0.3%

NYSE:UGP opened at $7.15 on Friday. Ultrapar Participacoes S.A. has a fifty-two week low of $3.58 and a fifty-two week high of $7.25. The stock has a market capitalization of $7.98 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.43 and a beta of 0.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The company’s 50-day simple moving average is $6.15 and its 200-day simple moving average is $5.65.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $8 billion during the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. On average, equities analysts anticipate that Ultrapar Participacoes S.A. will post 0.78 earnings per share for the current fiscal year.

Ultrapar Participacoes Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.1932 per share. This represents a dividend yield of 599.0%. The ex-dividend date is Wednesday, August 26th. Ultrapar Participacoes’s dividend payout ratio is currently 50.82%.

Hedge Funds Weigh In On Ultrapar Participacoes

A number of institutional investors have recently modified their holdings of UGP. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ultrapar Participacoes in the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC raised its position in Ultrapar Participacoes by 45.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 1,982 shares in the last quarter. GeoWealth Management LLC purchased a new position in Ultrapar Participacoes during the fourth quarter valued at approximately $44,000. EP Wealth Advisors LLC acquired a new position in Ultrapar Participacoes in the fourth quarter valued at approximately $45,000. Finally, Boothbay Fund Management LLC acquired a new position in Ultrapar Participacoes in the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Analysts Set New Price Targets

UGP has been the topic of several research analyst reports. UBS Group boosted their target price on Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Weiss Ratings raised Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 14th. The Goldman Sachs Group lowered their price target on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a report on Wednesday, August 26th. Bank of America upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Ultrapar Participacoes currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.40.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.