Icon Advisers Inc. Co. Trims Stake in YPF Sociedad Anónima (NYSE:YPF)

Icon Advisers Inc. Co. reduced its holdings in shares of YPF Sociedad Anónima (NYSE:YPF) by 55.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 89,000 shares of the oil and gas exploration company’s stock after selling 111,000 shares during the period. Icon Advisers Inc. Co.’s holdings in YPF Sociedad Anónima were worth $3,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in YPF. William Blair Investment Management LLC purchased a new stake in shares of YPF Sociedad Anónima in the 4th quarter worth $45,664,000. JPMorgan Chase & Co. boosted its holdings in shares of YPF Sociedad Anónima by 335.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,091,392 shares of the oil and gas exploration company’s stock valued at $46,395,000 after buying an additional 840,842 shares in the last quarter. Cooper Creek Partners Management LLC purchased a new position in YPF Sociedad Anónima in the fourth quarter worth $15,111,000. Arrowstreet Capital Limited Partnership purchased a new position in YPF Sociedad Anónima during the 4th quarter worth $14,394,000. Finally, Axiom Investors LLC DE purchased a new stake in shares of YPF Sociedad Anónima during the fourth quarter worth about $9,165,000. 10.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on YPF. JPMorgan Chase & Co. raised shares of YPF Sociedad Anónima from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $25.00 to $59.50 in a report on Friday, January 10th. StockNews.com cut shares of YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.02.

YPF Sociedad Anónima Stock Up 8.6 %

YPF stock opened at $29.96 on Monday. The firm has a 50-day simple moving average of $34.61 and a 200-day simple moving average of $35.13. YPF Sociedad Anónima has a 52 week low of $16.18 and a 52 week high of $47.43. The stock has a market capitalization of $11.78 billion, a P/E ratio of 15.13, a P/E/G ratio of 0.18 and a beta of 1.58. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.59.

YPF Sociedad Anónima (NYSE:YPF) last issued its earnings results on Friday, March 7th. The oil and gas exploration company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($1.25). YPF Sociedad Anónima had a net margin of 4.15% and a return on equity of 32.76%. The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $4.86 billion. Equities analysts forecast that YPF Sociedad Anónima will post 7.25 earnings per share 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.