FIL Ltd cut its stake in shares of YPF SA (NYSE:YPF) by 40.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,486 shares of the oil and gas exploration company’s stock after selling 33,984 shares during the quarter. FIL Ltd’s holdings in YPF were worth $780,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in YPF during the second quarter valued at $210,000. Capital Fund Management S.A. acquired a new position in YPF during the second quarter valued at $224,000. Fisher Asset Management LLC lifted its position in YPF by 31.7% during the third quarter. Fisher Asset Management LLC now owns 17,869 shares of the oil and gas exploration company’s stock valued at $276,000 after purchasing an additional 4,302 shares during the period. Engineers Gate Manager LP acquired a new position in YPF during the second quarter valued at $353,000. Finally, Jane Street Group LLC lifted its position in YPF by 76.9% during the second quarter. Jane Street Group LLC now owns 37,921 shares of the oil and gas exploration company’s stock valued at $515,000 after purchasing an additional 16,489 shares during the period. 24.87% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms recently issued reports on YPF. Zacks Investment Research upgraded shares of YPF from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, October 26th. Bank of America decreased their target price on shares of YPF from $26.00 to $22.00 and set a “buy” rating for the company in a research report on Friday, September 14th. Finally, Credit Suisse Group upgraded shares of YPF from a “neutral” rating to an “outperform” rating in a research report on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.20.
YPF (NYSE:YPF) last issued its quarterly earnings data on Friday, November 9th. The oil and gas exploration company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.66. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.93 billion. YPF had a net margin of 8.70% and a return on equity of 15.45%. On average, sell-side analysts predict that YPF SA will post 2.42 earnings per share for the current year.
YPF Company Profile
YPF Sociedad Anonima, an energy company, operates in the oil and gas upstream and downstream activities in Argentina. The company involved in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (LPG). It is also engages in the refining, marketing, transportation, and distribution of oil, petroleum products, petroleum derivatives, petrochemicals, LPG, and bio-fuels, as well as in gas separation and natural gas distribution operations.
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