Assenagon Asset Management S.A. Boosts Stock Position in YPF Sociedad Anónima (NYSE:YPF)

Assenagon Asset Management S.A. grew its holdings in YPF Sociedad Anónima (NYSE:YPF) by 1,685.6% during the third quarter, HoldingsChannel.com reports. The firm owned 312,293 shares of the oil and gas exploration company’s stock after acquiring an additional 294,803 shares during the quarter. Assenagon Asset Management S.A.’s holdings in YPF Sociedad Anónima were worth $6,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Blue Trust Inc. purchased a new position in YPF Sociedad Anónima in the 2nd quarter worth about $26,000. Transcendent Capital Group LLC purchased a new position in shares of YPF Sociedad Anónima during the first quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of YPF Sociedad Anónima during the second quarter valued at approximately $63,000. Headlands Technologies LLC purchased a new stake in shares of YPF Sociedad Anónima in the first quarter valued at approximately $113,000. Finally, SG Americas Securities LLC bought a new position in YPF Sociedad Anónima in the second quarter worth approximately $185,000. 10.08% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on YPF. StockNews.com cut YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Bank of America raised their target price on shares of YPF Sociedad Anónima from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Jefferies Financial Group raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating and upped their price target for the stock from $23.50 to $30.00 in a research report on Friday, August 30th. The Goldman Sachs Group lifted their price objective on shares of YPF Sociedad Anónima from $22.90 to $25.60 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. upped their target price on YPF Sociedad Anónima from $20.50 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $25.94.

YPF Sociedad Anónima Stock Performance

Shares of YPF stock opened at $25.50 on Tuesday. YPF Sociedad Anónima has a 12-month low of $9.57 and a 12-month high of $26.00. The business’s fifty day simple moving average is $23.23 and its 200-day simple moving average is $21.81. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. The company has a market cap of $10.03 billion, a PE ratio of -12.14, a PEG ratio of 0.11 and a beta of 1.81.

YPF Sociedad Anónima (NYSE:YPF) last released its quarterly earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.90. YPF Sociedad Anónima had a positive return on equity of 22.86% and a negative net margin of 4.57%. The company had revenue of $4.94 billion during the quarter, compared to analysts’ expectations of $4.59 billion. Analysts expect that YPF Sociedad Anónima will post 5.34 earnings per share for the current fiscal year.

YPF Sociedad Anónima 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.