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

Key Points

• Engineers Gate Manager LP increased its YPF stake by 220.7% in the second quarter, adding 60,264 shares to own 87,565 shares valued at approximately $3.98 million. Other institutions also raised their positions, with institutional investors collectively owning 10.08% of the company.
• YPF insiders signaled confidence through purchases: CEO Horacio Daniel Marin bought 2,840 shares, while VP Matias Osvaldo Farina acquired 8,875 shares on July 2.
• YPF reported quarterly EPS of $3.07, beating estimates of $2.26, and revenue of $6.57 billion versus expectations of $5.99 billion. Analysts’ average rating is “Moderate Buy,” with an average price target of $60.33.

Engineers Gate Manager LP grew its holdings in shares of YPF Sociedad Anónima (NYSE:YPF - Free Report) by 220.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,565 shares of the oil and gas exploration company's stock after buying 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 SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in YPF Sociedad Anónima in the first quarter valued at $561,000. Diversify Advisory Services LLC raised its stake in YPF Sociedad Anónima by 26.0% in the second quarter. Diversify Advisory Services LLC now owns 18,087 shares of the oil and gas exploration company's stock worth $614,000 after buying an additional 3,733 shares in the last quarter. Diversify Wealth Management LLC raised its stake in YPF Sociedad Anónima by 17.3% in the second quarter. Diversify Wealth Management LLC now owns 58,919 shares of the oil and gas exploration company's stock worth $2,000,000 after buying an additional 8,711 shares in the last quarter. Bank of America Corp DE lifted its holdings in YPF Sociedad Anónima by 161.2% in the second quarter. Bank of America Corp DE now owns 568,507 shares of the oil and gas exploration company's stock worth $17,880,000 after buying an additional 350,842 shares during the period. Finally, Brevan Howard Capital Management LP lifted its holdings in YPF Sociedad Anónima by 5.2% in the second quarter. Brevan Howard Capital Management LP now owns 317,889 shares of the oil and gas exploration company's stock worth $10,525,000 after buying an additional 15,760 shares during the period. Institutional investors own 10.08% of the company's stock.

Insider Buying and Selling at YPF Sociedad Anónima

In related news, CEO Horacio Daniel Marin bought 2,840 shares of the stock in a transaction on Thursday, July 2nd. The shares were acquired 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. The trade was a 3.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Matias Osvaldo Farina purchased 8,875 shares of the company's stock in a transaction dated Thursday, July 2nd. The shares were bought 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 in the company, valued at approximately $2,518,166.14. The trade was a 18.96% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

YPF Sociedad Anónima Trading Down 1.0%

NYSE:YPF opened at $55.52 on Friday. The stock has a market cap of $21.84 billion, a price-to-earnings ratio of 29.22 and a beta of 1.25. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. The company's 50 day moving average price is $50.74 and its 200-day moving average price is $46.81. YPF Sociedad Anónima has a 52 week low of $22.82 and a 52 week high of $57.49.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) 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 business had revenue of $6.57 billion for the quarter, compared to analysts' expectations of $5.99 billion. YPF Sociedad Anónima had a return on equity of 10.86% and a net margin of 3.60%. On average, equities research analysts forecast that YPF Sociedad Anónima will post 7.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on YPF shares. Zacks Research cut YPF Sociedad Anónima from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. increased their price target on shares of 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 price target on shares of YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Wall Street Zen upgraded shares of 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 Wednesday, August 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $60.33.

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.

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