Hsbc Holdings PLC Reduces Position in YPF Sociedad Anónima (NYSE:YPF)

Hsbc Holdings PLC lowered its stake in YPF Sociedad Anónima (NYSE:YPF) by 29.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,290 shares of the oil and gas exploration company’s stock after selling 123,592 shares during the period. Hsbc Holdings PLC owned 0.07% of YPF Sociedad Anónima worth $5,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Ping Capital Management Inc. purchased a new position in YPF Sociedad Anónima in the 2nd quarter worth $51,676,000. Fourth Sail Capital LP acquired a new stake in shares of YPF Sociedad Anónima during the first quarter worth about $14,576,000. Russell Investments Group Ltd. boosted its position in YPF Sociedad Anónima by 307.2% in the first quarter. Russell Investments Group Ltd. now owns 639,116 shares of the oil and gas exploration company’s stock valued at $12,655,000 after buying an additional 482,178 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in YPF Sociedad Anónima in the 4th quarter worth approximately $7,471,000. Finally, Hennessy Advisors Inc. raised its position in YPF Sociedad Anónima by 44.0% during the 1st quarter. Hennessy Advisors Inc. now owns 389,500 shares of the oil and gas exploration company’s stock worth $7,712,000 after buying an additional 119,000 shares during the last quarter. 10.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on YPF shares. StockNews.com raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating in a report on Monday, August 12th. Bank of America increased their price target on YPF Sociedad Anónima from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Jefferies Financial Group raised YPF Sociedad Anónima from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.50 to $30.00 in a report on Friday, August 30th. The Goldman Sachs Group raised their target price on YPF Sociedad Anónima from $22.90 to $25.60 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on YPF Sociedad Anónima from $18.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, May 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, YPF Sociedad Anónima has a consensus rating of “Hold” and an average price target of $25.37.

YPF Sociedad Anónima Stock Performance

Shares of YPF stock opened at $22.89 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 0.71. YPF Sociedad Anónima has a 12-month low of $9.57 and a 12-month high of $24.76. The business’s 50 day moving average is $21.46 and its two-hundred day moving average is $21.12. The company has a market capitalization of $9.00 billion, a P/E ratio of -8.94, a P/E/G ratio of 0.11 and a beta of 1.81.

YPF Sociedad Anónima (NYSE:YPF) last announced its earnings results on Thursday, August 8th. The oil and gas exploration company reported $1.32 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.59 billion. Analysts expect that YPF Sociedad Anónima will post 5.68 EPS for the current fiscal year.

YPF Sociedad Anónima Company 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.