RWC Asset Management LLP Lowers Position in YPF Sociedad Anonima (NYSE:YPF)

Key Points

• RWC Asset Management LLP significantly reduced its stake in YPF Sociedad Anonima by 79.8%, selling over 200,000 shares in the 1st quarter.
• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. and Duquesne Family Office LLC increased their stakes in YPF by 26.6% and 292.4% respectively, indicating some positive investor interest.
• Analysts have mixed ratings on YPF, with Citigroup upgrading it from "neutral" to "buy" and setting a price target of $48.00, while the average consensus price target stands at $43.92.

RWC Asset Management LLP trimmed its position in shares of YPF Sociedad Anonima (NYSE:YPF - Free Report) by 79.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,743 shares of the oil and gas exploration company's stock after selling 200,032 shares during the quarter. RWC Asset Management LLP's holdings in YPF Sociedad Anonima were worth $1,778,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in YPF Sociedad Anonima during the fourth quarter worth $89,009,000. Duquesne Family Office LLC grew its holdings in YPF Sociedad Anonima by 292.4% during the fourth quarter. Duquesne Family Office LLC now owns 1,687,716 shares of the oil and gas exploration company's stock worth $71,745,000 after buying an additional 1,257,616 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in YPF Sociedad Anonima by 2,092.6% during the fourth quarter. BNP Paribas Financial Markets now owns 945,959 shares of the oil and gas exploration company's stock worth $40,213,000 after buying an additional 902,815 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in YPF Sociedad Anonima by 335.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,091,392 shares of the oil and gas exploration company's stock worth $46,395,000 after buying an additional 840,842 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in YPF Sociedad Anonima during the fourth quarter worth $24,953,000. 10.08% of the stock is owned by institutional investors and hedge funds.

YPF Sociedad Anonima Price Performance

NYSE YPF traded down $0.51 during trading hours on Thursday, hitting $33.39. The company had a trading volume of 860,996 shares, compared to its average volume of 2,004,685. YPF Sociedad Anonima has a 52 week low of $16.18 and a 52 week high of $47.43. The firm has a 50 day simple moving average of $33.70 and a 200 day simple moving average of $34.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.60 and a current ratio of 0.79. The firm has a market capitalization of $13.13 billion, a price-to-earnings ratio of 7.77, a PEG ratio of 0.49 and a beta of 1.78.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Citigroup upgraded YPF Sociedad Anonima from a "neutral" rating to a "buy" rating and upped their price target for the stock from $44.00 to $48.00 in a report on Monday, May 19th. HSBC upgraded YPF Sociedad Anonima from a "reduce" rating to a "hold" rating and upped their price objective for the company from $21.00 to $33.00 in a research note on Monday, April 14th. Wall Street Zen upgraded YPF Sociedad Anonima from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Hsbc Global Res upgraded YPF Sociedad Anonima to a "hold" rating in a research note on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, YPF Sociedad Anonima currently has an average rating of "Moderate Buy" and a consensus price target of $43.92.

YPF Sociedad Anonima Profile

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.