Ultrapar Participações S.A. Announces — Dividend of $0.08 (NYSE:UGP)

Ultrapar Participações S.A. (NYSE:UGPGet Rating) announced a — dividend on Monday, May 16th, Wall Street Journal reports. Shareholders of record on Wednesday, May 25th will be given a dividend of 0.0804 per share by the oil and gas company on Monday, August 22nd. This represents a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, May 24th.

Ultrapar Participações has a payout ratio of 35.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Ultrapar Participações to earn $0.27 per share next year, which means the company should continue to be able to cover its $0.07 annual dividend with an expected future payout ratio of 25.9%.

Ultrapar Participações stock traded up $0.12 during mid-day trading on Monday, hitting $2.73. The company’s stock had a trading volume of 423,691 shares, compared to its average volume of 1,352,502. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.98 and a quick ratio of 1.67. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.64 and a beta of 1.12. The business has a 50 day moving average price of $2.79 and a 200-day moving average price of $2.67. Ultrapar Participações has a 12 month low of $2.18 and a 12 month high of $4.34.

Ultrapar Participações (NYSE:UGPGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The oil and gas company reported $0.05 earnings per share for the quarter. The business had revenue of $6.17 billion during the quarter. Ultrapar Participações had a net margin of 0.71% and a return on equity of 10.89%. On average, equities research analysts expect that Ultrapar Participações will post 0.18 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on UGP shares. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Zacks Investment Research downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Finally, TheStreet raised shares of Ultrapar Participações from a “c” rating to a “b-” rating in a research note on Monday, April 4th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $2.92.

A number of institutional investors and hedge funds have recently made changes to their positions in UGP. Morgan Stanley grew its holdings in shares of Ultrapar Participações by 339.8% during the second quarter. Morgan Stanley now owns 1,193,057 shares of the oil and gas company’s stock valued at $4,486,000 after buying an additional 921,767 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Ultrapar Participações by 242.1% during the fourth quarter. Bank of America Corp DE now owns 603,566 shares of the oil and gas company’s stock valued at $1,593,000 after buying an additional 427,118 shares during the last quarter. Parametric Portfolio Associates LLC grew its holdings in shares of Ultrapar Participações by 24.7% during the fourth quarter. Parametric Portfolio Associates LLC now owns 1,234,394 shares of the oil and gas company’s stock valued at $3,259,000 after buying an additional 244,130 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Ultrapar Participações by 26.7% during the first quarter. Northern Trust Corp now owns 1,046,056 shares of the oil and gas company’s stock valued at $3,169,000 after buying an additional 220,678 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ultrapar Participações during the fourth quarter valued at approximately $476,000. Institutional investors and hedge funds own 6.72% of the company’s stock.

About Ultrapar Participações (Get Rating)

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil.

Recommended Stories

Dividend History for Ultrapar Participações (NYSE:UGP)

Receive News & Ratings for Ultrapar Participações Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultrapar Participações and related companies with MarketBeat.com's FREE daily email newsletter.