Cubist Systematic Strategies LLC Lowers Position in Ultrapar Participações S.A. (NYSE:UGP)

Cubist Systematic Strategies LLC trimmed its stake in Ultrapar Participações S.A. (NYSE:UGP) by 9.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 554,391 shares of the oil and gas company’s stock after selling 56,197 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ultrapar Participações were worth $2,168,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UGP. D Orazio & Associates Inc. acquired a new position in Ultrapar Participações during the first quarter valued at approximately $66,000. Envestnet Portfolio Solutions Inc. acquired a new position in Ultrapar Participações during the first quarter valued at approximately $80,000. Cutter & CO Brokerage Inc. acquired a new position in Ultrapar Participações during the second quarter valued at approximately $57,000. Blue Trust Inc. lifted its position in Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 13,461 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in Ultrapar Participações by 36.1% during the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 4,757 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on UGP shares. The Goldman Sachs Group reduced their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. StockNews.com raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Sunday. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Trading Down 1.8 %

NYSE UGP opened at $3.88 on Tuesday. The company’s fifty day simple moving average is $4.12 and its 200-day simple moving average is $4.54. Ultrapar Participações S.A. has a 52 week low of $3.39 and a 52 week high of $6.34. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The stock has a market cap of $4.33 billion, a P/E ratio of 8.08, a PEG ratio of 2.83 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Equities research analysts predict that Ultrapar Participações S.A. will post 0.34 EPS for the current fiscal year.

Ultrapar Participações Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.0446 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio is presently 16.67%.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.