Hsbc Holdings PLC Boosts Holdings in YPF Sociedad Anonima $YPF

Key Points

• Hsbc Holdings PLC increased its stake in YPF Sociedad Anonima by 18.2% during the first quarter, now owning approximately 240,302 shares valued at $8.52 million.
• YPF Sociedad Anonima's stock was recently upgraded from a "sell" to a "hold" by Wall Street Zen, while Citigroup raised its rating to "buy" with a price target increase to $48.00.
• The company reported earnings of $0.13 per share for the last quarter, falling short of expectations of $0.56, although revenue exceeded estimates at $3.47 million.

Hsbc Holdings PLC lifted its position in YPF Sociedad Anonima (NYSE:YPF - Free Report) by 18.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 240,302 shares of the oil and gas exploration company's stock after buying an additional 36,958 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of YPF Sociedad Anonima worth $8,517,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. lifted its holdings in shares of YPF Sociedad Anonima by 742.6% in the first quarter. Sunbelt Securities Inc. now owns 1,938 shares of the oil and gas exploration company's stock worth $68,000 after buying an additional 1,708 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of YPF Sociedad Anonima in the first quarter worth about $89,000. Wells Fargo & Company MN lifted its holdings in shares of YPF Sociedad Anonima by 253.5% in the fourth quarter. Wells Fargo & Company MN now owns 5,730 shares of the oil and gas exploration company's stock worth $244,000 after buying an additional 4,109 shares in the last quarter. NorthRock Partners LLC purchased a new stake in shares of YPF Sociedad Anonima in the fourth quarter worth about $259,000. Finally, Burns Matteson Capital Management LLC lifted its holdings in shares of YPF Sociedad Anonima by 29.0% in the first quarter. Burns Matteson Capital Management LLC now owns 6,234 shares of the oil and gas exploration company's stock worth $218,000 after buying an additional 1,401 shares in the last quarter. 10.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YPF. Wall Street Zen raised shares of YPF Sociedad Anonima from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Citigroup raised shares of YPF Sociedad Anonima from a "neutral" rating to a "buy" rating and increased their price target for the stock from $44.00 to $48.00 in a report on Monday, May 19th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, YPF Sociedad Anonima has a consensus rating of "Moderate Buy" and an average target price of $46.70.

YPF Sociedad Anonima Price Performance

YPF traded down $0.32 on Friday, reaching $30.52. The company had a trading volume of 1,788,921 shares, compared to its average volume of 1,603,007. The business has a 50 day simple moving average of $32.49 and a 200 day simple moving average of $33.51. The company has a market cap of $12.00 billion, a price-to-earnings ratio of 9.84, a P/E/G ratio of 0.57 and a beta of 1.79. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.55 and a current ratio of 0.75. YPF Sociedad Anonima has a 52-week low of $21.01 and a 52-week high of $47.43.

YPF Sociedad Anonima (NYSE:YPF - Get Free Report) last announced its earnings results on Thursday, August 7th. The oil and gas exploration company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.43). The company had revenue of $3.47 million during the quarter, compared to analysts' expectations of $3.37 million. YPF Sociedad Anonima had a net margin of 6.32% and a return on equity of 12.39%. As a group, sell-side analysts anticipate that YPF Sociedad Anonima will post 7.25 EPS for the current year.

About YPF Sociedad Anonima

YPF Sociedad Anónima, an energy company, engages in the oil and gas upstream and downstream activities in Argentina. Its upstream operations include the exploration, exploitation, and production of crude oil, and natural gas. The company's downstream operations include petrochemical production and crude oil refining; transportation and distribution refined and petrochemical products; commercialization of crude oil, petrochemical products, and specialties.