YPF Sociedad Anónima $YPF Holdings Raised by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management more than doubled its YPF stake in the third quarter, adding 119,833 shares to own 231,121 shares valued at approximately $11.6 million. Institutional investors collectively hold 10.08% of YPF.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $60.33, compared with the stock’s reported price of $50.68.
• YPF exceeded quarterly expectations, reporting $3.07 in earnings per share versus the $2.26 consensus estimate and revenue of $6.57 billion versus $5.99 billion expected.

Assenagon Asset Management S.A. grew its stake in shares of YPF Sociedad Anónima (NYSE:YPF - Free Report) by 107.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,121 shares of the oil and gas exploration company's stock after buying an additional 119,833 shares during the period. Assenagon Asset Management S.A. owned 0.06% of YPF Sociedad Anónima worth $11,586,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Oaktree Capital Management LP acquired a new stake in shares of YPF Sociedad Anónima in the first quarter worth approximately $40,972,000. Oaktree Fund Advisors LLC purchased a new stake in YPF Sociedad Anónima in the first quarter valued at approximately $5,019,000. RWC Asset Advisors US LLC purchased a new stake in YPF Sociedad Anónima in the second quarter valued at approximately $12,216,000. BlueCrest Capital Management Ltd increased its position in YPF Sociedad Anónima by 52.9% during the second quarter. BlueCrest Capital Management Ltd now owns 66,504 shares of the oil and gas exploration company's stock worth $3,024,000 after purchasing an additional 23,004 shares during the last quarter. Finally, Candriam S.C.A. increased its position in YPF Sociedad Anónima by 202.0% during the first quarter. Candriam S.C.A. now owns 444,000 shares of the oil and gas exploration company's stock worth $20,522,000 after purchasing an additional 297,000 shares during the last quarter. Hedge funds and other institutional investors own 10.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on YPF shares. Zacks Research downgraded shares of YPF Sociedad Anónima from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their price target on shares of YPF Sociedad Anónima from $61.50 to $66.00 and gave the company an "overweight" rating in a report on Tuesday, September 1st. Weiss Ratings raised shares of YPF Sociedad Anónima from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. 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 report on Monday, August 17th. Finally, Wall Street Zen upgraded YPF Sociedad Anónima from a "buy" rating to a "strong-buy" rating in a report on Saturday, July 18th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $60.33.

YPF Sociedad Anónima Price Performance

YPF Sociedad Anónima stock opened at $50.68 on Tuesday. The firm has a fifty day moving average of $51.95 and a 200-day moving average of $49.24. YPF Sociedad Anónima has a 52-week low of $24.00 and a 52-week high of $57.87. 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 firm has a market capitalization of $19.93 billion, a P/E ratio of 15.93 and a beta of 1.22.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last posted its earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.81. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. The business had revenue of $6.57 billion for the quarter, compared to analyst estimates of $5.99 billion. As a group, analysts predict that YPF Sociedad Anónima will post 8.15 EPS for the current year.

YPF Sociedad Anónima Profile

YPF Sociedad Anónima is an integrated energy company based in Argentina and one of the country's principal oil and gas producers. The company explores for, develops and produces crude oil and natural gas, with operations that include both conventional and unconventional resources. YPF is also a major participant in the development of the Vaca Muerta shale formation in the Neuquén Basin.

Through its downstream operations, YPF refines crude oil and markets fuels, lubricants and other petroleum products.

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