YPF Sociedad Anónima (NYSE:YPF) Trading Up 5.3% – Here’s What Happened

YPF Sociedad Anónima (NYSE:YPF) shares shot up 5.3% during trading on Wednesday . The stock traded as high as $49.59 and last traded at $49.6360. Approximately 819,995 shares traded hands during trading, a decline of 60% from the average session volume of 2,050,819 shares. The stock had previously closed at $47.13.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on YPF shares. Zacks Research cut YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Morgan Stanley raised YPF Sociedad Anónima from an “equal weight” rating to an “overweight” rating in a report on Monday, March 30th. Weiss Ratings upgraded YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 28th. UBS Group increased their target price on YPF Sociedad Anónima from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen cut YPF Sociedad Anónima from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, YPF Sociedad Anónima currently has a consensus rating of “Hold” and an average price target of $46.00.

YPF Sociedad Anónima Stock Up 2.0%

The firm has a 50 day simple moving average of $48.33 and a two-hundred day simple moving average of $42.03. The stock has a market capitalization of $18.90 billion, a P/E ratio of -46.22 and a beta of 1.28. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.76.

YPF Sociedad Anónima (NYSE:YPF) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.20. YPF Sociedad Anónima had a positive return on equity of 1.11% and a negative net margin of 2.16%.The company had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.04 billion. On average, equities research analysts expect that YPF Sociedad Anónima will post 6.38 earnings per share for the current year.

Insider Transactions at YPF Sociedad Anónima

In related news, CEO Horacio Daniel Marin bought 2,840 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was purchased at an average price of $46.35 per share, with a total value of $131,634.00. Following the completion of the acquisition, the chief executive officer owned 92,193 shares of the company’s stock, valued at $4,273,145.55. The trade was a 3.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Matias Osvaldo Farina purchased 8,875 shares of YPF Sociedad Anónima stock in a transaction dated Thursday, July 2nd. The stock was bought at an average price of $45.22 per share, for a total transaction of $401,327.50. Following the completion of the purchase, the vice president owned 55,687 shares in the company, valued at $2,518,166.14. This represents a 18.96% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 11,792 shares of company stock worth $537,153.

Institutional Trading of YPF Sociedad Anónima

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new position in shares of YPF Sociedad Anónima during the first quarter worth $561,000. Diversify Advisory Services LLC boosted its holdings in shares of YPF Sociedad Anónima by 26.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 18,087 shares of the oil and gas exploration company’s stock valued at $614,000 after acquiring an additional 3,733 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of YPF Sociedad Anónima by 17.3% during the 2nd quarter. Diversify Wealth Management LLC now owns 58,919 shares of the oil and gas exploration company’s stock valued at $2,000,000 after acquiring an additional 8,711 shares in the last quarter. Bank of America Corp DE grew its position in YPF Sociedad Anónima by 161.2% during the 2nd 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 during the last quarter. Finally, Brevan Howard Capital Management LP grew its position in YPF Sociedad Anónima by 5.2% during the 2nd quarter. Brevan Howard Capital Management LP now owns 317,889 shares of the oil and gas exploration company’s stock worth $10,525,000 after acquiring an additional 15,760 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.