YPF Sociedad Anónima (NYSE:YPF) Price Target Raised to $66.00

YPF Sociedad Anónima (NYSE:YPF) had its price target lifted by JPMorgan Chase & Co. from $61.50 to $66.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the oil and gas exploration company’s stock.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen raised shares of YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 18th. UBS Group upped their price target on YPF Sociedad Anónima from $48.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 27th. Zacks Research lowered YPF Sociedad Anónima from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Weiss Ratings raised YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c)” rating in a research note on Wednesday, August 26th. Finally, HSBC upgraded YPF Sociedad Anónima from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, August 17th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, YPF Sociedad Anónima has an average rating of “Moderate Buy” and a consensus target price of $60.33.

YPF Sociedad Anónima Stock Performance

NYSE:YPF opened at $52.39 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.70. YPF Sociedad Anónima has a twelve month low of $22.82 and a twelve month high of $57.49. The company has a fifty day moving average of $49.63 and a 200-day moving average of $46.18. The firm has a market capitalization of $20.61 billion, a P/E ratio of 27.57 and a beta of 1.25.

YPF Sociedad Anónima (NYSE:YPF) last issued its earnings results on Monday, August 10th. The oil and gas exploration company reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.81. The business had revenue of $6.57 billion for the quarter, compared to analyst estimates of $5.99 billion. YPF Sociedad Anónima had a net margin of 3.60% and a return on equity of 10.86%. As a group, sell-side analysts anticipate that YPF Sociedad Anónima will post 7.5 EPS for the current year.

Insider Transactions at YPF Sociedad Anónima

In related news, CEO Horacio Daniel Marin purchased 2,840 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was acquired at an average price of $46.35 per share, for a total transaction of $131,634.00. Following the purchase, the chief executive officer owned 92,193 shares of the company’s stock, valued at approximately $4,273,145.55. This trade represents a 3.18% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Matias Osvaldo Farina acquired 8,875 shares of the firm’s stock in a transaction on Thursday, July 2nd. The shares were bought at an average cost of $45.22 per share, with a total value of $401,327.50. Following the completion of the acquisition, the vice president directly owned 55,687 shares in the company, valued at approximately $2,518,166.14. This represents a 18.96% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in YPF Sociedad Anónima in the 1st quarter valued at $561,000. Diversify Advisory Services LLC boosted its holdings in YPF Sociedad Anónima by 26.0% during the 2nd quarter. Diversify Advisory Services LLC now owns 18,087 shares of the oil and gas exploration company’s stock worth $614,000 after acquiring an additional 3,733 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of YPF Sociedad Anónima by 17.3% in the 2nd quarter. Diversify Wealth Management LLC now owns 58,919 shares of the oil and gas exploration company’s stock worth $2,000,000 after acquiring an additional 8,711 shares in the last quarter. Bank of America Corp DE grew its stake in shares of YPF Sociedad Anónima by 161.2% in the 2nd quarter. Bank of America Corp DE now owns 568,507 shares of the oil and gas exploration company’s stock worth $17,880,000 after acquiring an additional 350,842 shares in the last quarter. Finally, Brevan Howard Capital Management LP raised its holdings in shares of YPF Sociedad Anónima by 5.2% in the second quarter. Brevan Howard Capital Management LP now owns 317,889 shares of the oil and gas exploration company’s stock valued at $10,525,000 after purchasing an additional 15,760 shares during the last quarter. Hedge funds and other institutional investors own 10.08% of the company’s stock.

About YPF Sociedad Anónima

YPF Sociedad Anónima (NYSE: YPF) is an integrated oil and gas company headquartered in Buenos Aires, Argentina. The company’s primary businesses encompass upstream exploration and production of crude oil and natural gas, midstream transportation and storage, and downstream refining and distribution. YPF operates several major refineries and a nationwide network of service stations, supplying fuels, lubricants, and petrochemical products to both retail and industrial customers.

Founded in 1922 as Yacimientos Petrolíferos Fiscales, YPF was the world’s first state‐owned oil company.