Ping Capital Management Inc. Raises Position in YPF Sociedad Anonima $YPF

Ping Capital Management Inc. lifted its stake in YPF Sociedad Anonima (NYSE:YPF) by 36.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,017,000 shares of the oil and gas exploration company’s stock after acquiring an additional 534,800 shares during the period. YPF Sociedad Anonima makes up about 16.7% of Ping Capital Management Inc.’s holdings, making the stock its 2nd largest holding. Ping Capital Management Inc. owned 0.51% of YPF Sociedad Anonima worth $48,993,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Horizon Advisors Inc. bought a new position in YPF Sociedad Anonima in the 2nd quarter worth about $57,000. Hantz Financial Services Inc. lifted its stake in YPF Sociedad Anonima by 1,157.2% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,911 shares of the oil and gas exploration company’s stock worth $60,000 after purchasing an additional 1,759 shares in the last quarter. Leuthold Group LLC bought a new position in YPF Sociedad Anonima in the 2nd quarter valued at $229,000. Tower Research Capital LLC TRC grew its position in shares of YPF Sociedad Anonima by 7,696.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,796 shares of the oil and gas exploration company’s stock valued at $245,000 after purchasing an additional 7,696 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of YPF Sociedad Anonima in the second quarter worth $259,000. 10.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on YPF. Weiss Ratings restated a “hold (c)” rating on shares of YPF Sociedad Anonima in a research report on Wednesday. Zacks Research cut shares of YPF Sociedad Anonima from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 6th. Finally, JPMorgan Chase & Co. dropped their target price on shares of YPF Sociedad Anonima from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Friday, October 17th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.67.

YPF Sociedad Anonima Stock Up 2.1%

Shares of YPF opened at $36.44 on Friday. YPF Sociedad Anonima has a 1 year low of $22.82 and a 1 year high of $42.69. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a 50 day simple moving average of $35.68 and a two-hundred day simple moving average of $32.34. The firm has a market cap of $14.33 billion, a P/E ratio of -30.88, a P/E/G ratio of 0.32 and a beta of 1.48.

YPF Sociedad Anonima (NYSE:YPF) last announced its quarterly earnings data on Friday, November 7th. The oil and gas exploration company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($1.35). YPF Sociedad Anonima had a positive return on equity of 2.88% and a negative net margin of 2.45%.The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.55 billion. On average, analysts forecast that YPF Sociedad Anonima will post 7.25 earnings per share for the current fiscal year.

YPF Sociedad Anonima 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.