Sequoia Financial Advisors LLC Takes $46,000 Position in Ultrapar Participações S.A. (NYSE:UGP)

Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações S.A. (NYSE:UGP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,967 shares of the oil and gas company’s stock, valued at approximately $46,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações during the 2nd quarter valued at about $57,000. D Orazio & Associates Inc. increased its holdings in Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares during the period. Blue Trust Inc. increased its holdings 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 during the period. Envestnet Portfolio Solutions Inc. bought a new position in Ultrapar Participações in the first quarter worth approximately $80,000. Finally, BNP Paribas Financial Markets lifted its holdings 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 worth $103,000 after buying an additional 4,757 shares during the period. Institutional investors own 3.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UGP. The Goldman Sachs Group cut their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, StockNews.com raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Ultrapar Participações presently has a consensus rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Stock Down 1.4 %

Ultrapar Participações stock opened at $3.62 on Thursday. Ultrapar Participações S.A. has a 1-year low of $3.51 and a 1-year high of $6.34. The business has a fifty day moving average price of $3.94 and a 200-day moving average price of $4.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 6.96, a PEG ratio of 2.53 and a beta of 1.60.

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

Ultrapar Participações Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.0446 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 19th. Ultrapar Participações’s dividend payout ratio is presently 15.38%.

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.