Phoenix Financial Ltd. Acquires New Holdings in YPF Sociedad Anónima $YPF

Key Points

• Phoenix Financial opened a major position in YPF during the third quarter, buying 2.41 million shares valued at about $121 million, or roughly 0.61% of the company.
• YPF reported quarterly earnings of $3.00 per share, beating the $1.92 consensus estimate, and revenue of $6.56 billion, above the $5.57 billion forecast.
• Analysts’ overall rating was Moderate Buy, with a consensus price target of $58.50; the stock was reported at $37.73.

Phoenix Financial Ltd. acquired a new position in YPF Sociedad Anónima (NYSE:YPF - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,413,358 shares of the oil and gas exploration company's stock, valued at approximately $120,984,000. Phoenix Financial Ltd. owned about 0.61% of YPF Sociedad Anónima at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in YPF. GAMMA Investing LLC grew its position in YPF Sociedad Anónima by 13.0% during the second quarter. GAMMA Investing LLC now owns 1,934 shares of the oil and gas exploration company's stock valued at $88,000 after buying an additional 223 shares during the period. Farther Finance Advisors LLC increased its holdings in YPF Sociedad Anónima by 14.6% during the third quarter. Farther Finance Advisors LLC now owns 1,994 shares of the oil and gas exploration company's stock valued at $100,000 after buying an additional 254 shares during the last quarter. IPG Investment Advisors LLC raised its position in YPF Sociedad Anónima by 2.8% in the third quarter. IPG Investment Advisors LLC now owns 14,717 shares of the oil and gas exploration company's stock worth $738,000 after acquiring an additional 400 shares during the period. CoreCap Advisors LLC bought a new position in YPF Sociedad Anónima in the third quarter worth approximately $25,000. Finally, Financial Management Professionals Inc. bought a new position in YPF Sociedad Anónima in the second quarter worth approximately $27,000. Hedge funds and other institutional investors own 10.08% of the company's stock.

YPF Sociedad Anónima Price Performance

Shares of YPF stock traded up $0.53 on Friday, hitting $37.73. 1,204,023 shares of the stock traded hands, compared to its average volume of 1,393,855. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.24 and a quick ratio of 1.04. YPF Sociedad Anónima has a 52 week low of $32.74 and a 52 week high of $57.87. The firm has a 50 day simple moving average of $49.32 and a two-hundred day simple moving average of $46.50. The firm has a market cap of $14.84 billion, a price-to-earnings ratio of 6.95 and a beta of 1.35.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last issued its earnings results on Wednesday, October 28th. The oil and gas exploration company reported $3.00 earnings per share for the quarter, topping the consensus estimate of $1.92 by $1.08. YPF Sociedad Anónima had a net margin of 9.42% and a return on equity of 17.23%. The company had revenue of $6.56 billion during the quarter, compared to the consensus estimate of $5.57 billion. As a group, equities research analysts predict that YPF Sociedad Anónima will post 9.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other YPF Sociedad Anónima news, Director Guillermo Alberto Francos sold 2,770 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $55.76, for a total transaction of $154,455.20. Following the sale, the director directly owned 31,860 shares of the company's stock, valued at $1,776,513.60. This trade represents a 8.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

YPF has been the topic of several analyst reports. Weiss Ratings cut shares of YPF Sociedad Anónima from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, October 30th. HSBC upgraded YPF Sociedad Anónima from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research note on Monday, August 17th. JPMorgan Chase & Co. decreased their target price on YPF Sociedad Anónima from $66.00 to $60.50 and set an "overweight" rating on the stock in a report on Thursday, October 29th. Zacks Research raised YPF Sociedad Anónima from a "hold" rating to a "strong-buy" rating in a report on Friday, October 30th. Finally, Wall Street Zen upgraded YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $58.50.

About YPF Sociedad Anónima

YPF Sociedad Anónima is an integrated energy company based in Argentina. Its activities span oil and natural gas exploration and production, refining, petrochemicals, and the distribution and sale of fuels and other energy products. The company operates primarily in Argentina, where it develops conventional and unconventional oil and gas resources, including resources in the Vaca Muerta formation. YPF also supplies fuels through its refining and retail operations and participates in the country's natural gas sector.

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