Corient Private Wealth LLC Raises Position in Ultrapar Participações S.A. (NYSE:UGP)

Corient Private Wealth LLC lifted its position in Ultrapar Participações S.A. (NYSE:UGP) by 79.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,489 shares of the oil and gas company’s stock after buying an additional 17,531 shares during the period. Corient Private Wealth LLC’s holdings in Ultrapar Participações were worth $104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. QRG Capital Management Inc. lifted its position in Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 5,687 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Ultrapar Participações by 171.4% during the fourth quarter. Sequoia Financial Advisors LLC now owns 32,477 shares of the oil and gas company’s stock valued at $85,000 after buying an additional 20,510 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Ultrapar Participações by 34.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company’s stock worth $107,000 after buying an additional 10,368 shares in the last quarter. Walleye Capital LLC raised its position in Ultrapar Participações by 41.5% in the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after buying an additional 10,654 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Ultrapar Participações by 72.4% during the 4th quarter. Blue Trust Inc. now owns 57,100 shares of the oil and gas company’s stock valued at $150,000 after acquiring an additional 23,976 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UGP shares. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Finally, Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $3.20.

Ultrapar Participações Stock Performance

NYSE:UGP opened at $3.10 on Thursday. Ultrapar Participações S.A. has a one year low of $2.53 and a one year high of $5.85. The business has a fifty day moving average price of $2.93 and a 200-day moving average price of $3.15. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

Ultrapar Participações Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.0774 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações’s payout ratio is 33.33%.

About Ultrapar Participações

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.