Bank of America Corp DE Has $5.73 Million Stock Position in YPF Sociedad Anónima $YPF

Key Points

• Bank of America reduced its YPF stake by 42.7% in the first quarter, selling 92,403 shares and retaining 124,019 shares valued at approximately $5.73 million.
• YPF reported a quarterly earnings beat, with EPS of $3.07 versus the $2.26 consensus and revenue of $6.57 billion, above estimates of $5.99 billion.
• YPF shares opened at $50.29, near analysts’ average target of $50.67. Analyst sentiment remains mixed, resulting in a consensus “Hold” rating, while company insiders purchased more than $537,000 in stock during the last quarter.

Bank of America Corp DE trimmed its holdings in shares of YPF Sociedad Anónima (NYSE:YPF - Free Report) by 42.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 124,019 shares of the oil and gas exploration company's stock after selling 92,403 shares during the quarter. Bank of America Corp DE's holdings in YPF Sociedad Anónima were worth $5,732,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of YPF. Oaktree Capital Management LP bought a new stake in shares of YPF Sociedad Anónima during the 1st quarter valued at approximately $40,972,000. Royal Bank of Canada grew its holdings in shares of YPF Sociedad Anónima by 31.2% during the first quarter. Royal Bank of Canada now owns 7,556 shares of the oil and gas exploration company's stock worth $349,000 after purchasing an additional 1,796 shares during the last quarter. Compound Planning Inc. acquired a new position in shares of YPF Sociedad Anónima in the first quarter valued at approximately $661,000. Modern Wealth Management LLC bought a new position in YPF Sociedad Anónima in the 1st quarter valued at approximately $424,000. Finally, Barometer Capital Management Inc. bought a new position in YPF Sociedad Anónima in the 1st quarter valued at approximately $3,471,000. Institutional investors and hedge funds own 10.08% of the company's stock.

YPF Sociedad Anónima Stock Performance

YPF stock opened at $50.29 on Thursday. The firm has a market cap of $19.78 billion, a PE ratio of 26.47 and a beta of 1.28. The company has a current ratio of 0.93, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. The stock has a 50-day moving average price of $49.19 and a 200-day moving average price of $45.60. YPF Sociedad Anónima has a 1-year low of $22.82 and a 1-year high of $57.49.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last announced its earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 EPS for the quarter, beating the consensus estimate of $2.26 by $0.81. The company had revenue of $6.57 billion for the quarter, compared to analyst estimates of $5.99 billion. YPF Sociedad Anónima had a return on equity of 10.86% and a net margin of 3.60%. As a group, equities research analysts expect that YPF Sociedad Anónima will post 7.5 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Matias Osvaldo Farina acquired 8,875 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were bought at an average price of $45.22 per share, with a total value of $401,327.50. Following the transaction, the vice president directly owned 55,687 shares of the company's stock, valued at $2,518,166.14. This trade represents a 18.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Horacio Daniel Marin acquired 2,840 shares of the business's stock in a transaction dated Thursday, July 2nd. The shares were bought at an average cost of $46.35 per share, for a total transaction of $131,634.00. Following the transaction, the chief executive officer directly owned 92,193 shares in the company, valued at approximately $4,273,145.55. This represents a 3.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 11,792 shares of company stock worth $537,153 in the last quarter.

Wall Street Analysts Forecast Growth

YPF has been the topic of a number of recent research reports. Weiss Ratings lowered shares of YPF Sociedad Anónima from a "hold (c-)" rating to a "sell (d+)" rating in a report on Wednesday, August 12th. HSBC raised YPF Sociedad Anónima from a "hold" rating to a "buy" rating and set a $60.00 target price for the company in a research report on Monday, August 17th. UBS Group lifted 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. Wall Street Zen raised YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 18th. Finally, Zacks Research cut YPF Sociedad Anónima from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $50.67.

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.

Want to see what other hedge funds are holding YPF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YPF Sociedad Anónima (NYSE:YPF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source