YPF Sociedad Anónima $YPF Stock Sold by RWC Asset Management LLP

Key Points

• RWC Asset Management cut its YPF stake by 20.9% in the third quarter, selling 138,071 shares and retaining 522,518 shares worth approximately $26.2 million.
• Institutional ownership remains limited at 10.08%, although several investors—including Oaktree, Equinox Partners and Candriam—recently initiated or increased positions.
• Analyst sentiment is broadly positive: YPF has a “Moderate Buy” consensus rating and an average price target of $60.33, while its shares recently traded at $50.65 after reporting quarterly earnings and revenue above expectations.

RWC Asset Management LLP reduced its stake in shares of YPF Sociedad Anónima (NYSE:YPF - Free Report) by 20.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 522,518 shares of the oil and gas exploration company's stock after selling 138,071 shares during the period. YPF Sociedad Anónima makes up approximately 1.0% of RWC Asset Management LLP's holdings, making the stock its 26th biggest holding. RWC Asset Management LLP owned 0.13% of YPF Sociedad Anónima worth $26,194,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of YPF. Oaktree Capital Management LP acquired a new position in shares of YPF Sociedad Anónima in the first quarter valued at approximately $40,972,000. Equinox Partners Investment Management LLC bought a new stake in YPF Sociedad Anónima in the 1st quarter valued at $21,585,000. Candriam S.C.A. boosted its stake in YPF Sociedad Anónima by 202.0% in the 1st 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 period. Hsbc Holdings PLC boosted its stake in YPF Sociedad Anónima by 70.3% in the 4th quarter. Hsbc Holdings PLC now owns 299,442 shares of the oil and gas exploration company's stock worth $10,792,000 after purchasing an additional 123,659 shares during the period. Finally, RWC Asset Advisors US LLC acquired a new position in YPF Sociedad Anónima in the 2nd quarter worth $12,216,000. 10.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on YPF. JPMorgan Chase & Co. lifted their price target on YPF Sociedad Anónima from $61.50 to $66.00 and gave the company an "overweight" rating in a research note on Tuesday, September 1st. HSBC raised YPF Sociedad Anónima from a "hold" rating to a "buy" rating and set a $60.00 price objective for the company in a research report on Monday, August 17th. Zacks Research downgraded YPF Sociedad Anónima from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. UBS Group lifted their target price on YPF Sociedad Anónima from $48.00 to $55.00 and gave the company a "neutral" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded YPF Sociedad Anónima from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, YPF Sociedad Anónima currently has an average rating of "Moderate Buy" and an average price target of $60.33.

YPF Sociedad Anónima Stock Up 3.0%

NYSE:YPF traded up $1.48 on Friday, hitting $50.65. 948,080 shares of the company's stock were exchanged, compared to its average volume of 984,658. The firm has a 50-day moving average price of $52.01 and a 200-day moving average price of $49.36. YPF Sociedad Anónima has a 52 week low of $26.72 and a 52 week high of $57.87. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.93 and a quick ratio of 0.72. The company has a market cap of $19.92 billion, a P/E ratio of 26.66 and a beta of 1.22.

YPF Sociedad Anónima (NYSE:YPF - Get Free Report) last released its earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.81. YPF Sociedad Anónima had a return on equity of 10.86% and a net margin of 3.60%. The business had revenue of $6.57 billion for the quarter, compared to the consensus estimate of $5.99 billion. As a group, analysts expect that YPF Sociedad Anónima will post 7.45 EPS for the current fiscal 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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