Assenagon Asset Management S.A. Buys 51,802 Shares of YPF Sociedad Anónima $YPF

Key Points

• Assenagon Asset Management increased its YPF stake by 87.1%, purchasing 51,802 additional shares to hold 111,288 shares valued at approximately $5.06 million.
• YPF shares opened at $48.95, down 0.4%, with a 52-week range of $22.82 to $57.49. Hedge funds and other institutional investors own 10.08% of the company.
• Company insiders also bought shares, including purchases by the vice president and CEO totaling 11,792 shares over 90 days. Analysts maintain a consensus “Hold” rating with an average price target of $46.00.

Assenagon Asset Management S.A. increased its stake in YPF Sociedad Anónima (NYSE:YPF - Free Report) by 87.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,288 shares of the oil and gas exploration company's stock after buying an additional 51,802 shares during the quarter. Assenagon Asset Management S.A.'s holdings in YPF Sociedad Anónima were worth $5,060,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its stake in shares of YPF Sociedad Anónima by 488.3% in the third quarter. Sunbelt Securities Inc. now owns 1,353 shares of the oil and gas exploration company's stock valued at $33,000 after acquiring an additional 1,123 shares during the period. Bayforest Capital Ltd bought a new stake in shares of YPF Sociedad Anónima in the 4th quarter worth about $59,000. GAMMA Investing LLC boosted its stake in shares of YPF Sociedad Anónima by 13.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company's stock worth $88,000 after purchasing an additional 223 shares during the period. Rakuten Securities Inc. boosted its stake in shares of YPF Sociedad Anónima by 13.7% during the 4th quarter. Rakuten Securities Inc. now owns 2,598 shares of the oil and gas exploration company's stock worth $94,000 after purchasing an additional 314 shares during the period. Finally, Van ECK Associates Corp grew its holdings in YPF Sociedad Anónima by 246.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,663 shares of the oil and gas exploration company's stock valued at $186,000 after purchasing an additional 5,454 shares during the last quarter. 10.08% of the stock is owned by hedge funds and other institutional investors.

YPF Sociedad Anónima Stock Down 0.4%

Shares of NYSE YPF opened at $48.95 on Thursday. YPF Sociedad Anónima has a 52-week low of $22.82 and a 52-week high of $57.49. The firm has a market capitalization of $19.25 billion, a price-to-earnings ratio of 25.76 and a beta of 1.28. The stock has a 50 day moving average price of $49.81 and a 200 day moving average price of $44.74. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.73 and a current ratio of 0.94.

Insiders Place Their Bets

In other news, VP Matias Osvaldo Farina bought 8,875 shares of the firm's stock in a transaction on Thursday, July 2nd. The stock was acquired at an average cost of $45.22 per share, with a total value of $401,327.50. Following the transaction, the vice president directly owned 55,687 shares in the company, valued at approximately $2,518,166.14. This trade represents a 18.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Horacio Daniel Marin bought 2,840 shares of the stock in a transaction on 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 directly owned 92,193 shares in the company, valued at approximately $4,273,145.55. This trade represents a 3.18% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 11,792 shares of company stock valued at $537,153.

Analyst Ratings Changes

YPF has been the topic of a number of analyst reports. Zacks Research cut YPF Sociedad Anónima from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. UBS Group raised their price target on YPF Sociedad Anónima from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 27th. Wall Street Zen upgraded YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 18th. Finally, Weiss Ratings raised YPF Sociedad Anónima from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Thursday, May 28th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $46.00.

About YPF Sociedad Anónima

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.

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