Assenagon Asset Management S.A. Makes New Investment in YPF Sociedad Anónima $YPF

Assenagon Asset Management S.A. acquired a new stake in YPF Sociedad Anónima (NYSE:YPF) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 59,486 shares of the oil and gas exploration company’s stock, valued at approximately $2,749,000.

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

YPF Sociedad Anónima Trading Up 0.5%

NYSE:YPF opened at $45.48 on Wednesday. The company has a market cap of $17.89 billion, a PE ratio of -43.73 and a beta of 1.24. The business’s 50 day moving average is $48.07 and its two-hundred day moving average is $41.66. The company has a quick ratio of 0.73, a current ratio of 0.94 and a debt-to-equity ratio of 0.76. YPF Sociedad Anónima has a 52 week low of $22.82 and a 52 week high of $57.49.

YPF Sociedad Anónima (NYSE:YPF) last issued its quarterly earnings results on Thursday, May 7th. The oil and gas exploration company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.20. YPF Sociedad Anónima had a positive return on equity of 1.11% and a negative net margin of 2.16%.The business had revenue of $5.03 billion during the quarter, compared to the consensus estimate of $5.04 billion. On average, analysts predict that YPF Sociedad Anónima will post 5.66 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on YPF. Morgan Stanley upgraded YPF Sociedad Anónima from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 30th. Zacks Research raised shares of YPF Sociedad Anónima from a “hold” rating to a “strong-buy” rating in a report on Monday, April 6th. Weiss Ratings upgraded shares of YPF Sociedad Anónima from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 28th. UBS Group raised their price objective on shares of YPF Sociedad Anónima from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of YPF Sociedad Anónima from a “buy” rating to a “strong-buy” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, YPF Sociedad Anónima has a consensus rating of “Moderate Buy” and an average price target of $46.00.

YPF Sociedad Anónima Profile

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.