Engineers Gate Manager LP Grows Stake in YPF Sociedad Anónima $YPF

Engineers Gate Manager LP raised its position in YPF Sociedad Anónima (NYSE:YPF) by 220.7% during the second quarter, Holdings Channel reports. The fund owned 87,565 shares of the oil and gas exploration company’s stock after acquiring an additional 60,264 shares during the period. Engineers Gate Manager LP’s holdings in YPF Sociedad Anónima were worth $3,982,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. GAMMA Investing LLC increased its holdings in YPF Sociedad Anónima by 13.0% during the second quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company’s stock valued at $88,000 after buying an additional 223 shares during the last quarter. First Growth Capital LLC increased its position in YPF Sociedad Anónima by 1.4% in the first quarter. First Growth Capital LLC now owns 18,587 shares of the oil and gas exploration company’s stock worth $824,000 after buying an additional 249 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of YPF Sociedad Anónima by 3.3% in the fourth quarter. HighTower Advisors LLC now owns 8,523 shares of the oil and gas exploration company’s stock worth $308,000 after buying an additional 275 shares during the period. Marex Group plc lifted its position in shares of YPF Sociedad Anónima by 5.7% during the 4th quarter. Marex Group plc now owns 9,702 shares of the oil and gas exploration company’s stock valued at $351,000 after buying an additional 522 shares in the last quarter. Finally, Financial Management Professionals Inc. purchased a new position in YPF Sociedad Anónima during the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 10.08% of the company’s stock.

YPF Sociedad Anónima Stock Down 1.0%

Shares of YPF opened at $55.52 on Friday. YPF Sociedad Anónima has a 12-month low of $22.82 and a 12-month high of $57.49. The firm has a fifty day moving average price of $50.74 and a 200-day moving average price of $46.81. The firm has a market capitalization of $21.84 billion, a P/E ratio of 29.22 and a beta of 1.25. The company has a current ratio of 0.93, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70.

YPF Sociedad Anónima (NYSE:YPF) last released its quarterly earnings data on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.81. The company had revenue of $6.57 billion during the quarter, compared to analysts’ expectations of $5.99 billion. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. Equities research analysts expect that YPF Sociedad Anónima will post 7.74 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. 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. Weiss Ratings upgraded YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, August 26th. JPMorgan Chase & Co. upped their price objective on YPF Sociedad Anónima from $61.50 to $66.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. UBS Group lifted their target price 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. Finally, Wall Street Zen upgraded YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 18th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $60.33.

Insiders Place Their Bets

In other news, 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 cost of $45.22 per share, for a total transaction of $401,327.50. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Horacio Daniel Marin purchased 2,840 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were purchased at an average price of $46.35 per share, for a total transaction of $131,634.00. Following the purchase, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure.

About YPF Sociedad Anónima

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.