BNP Paribas Financial Markets Has $1.23 Million Holdings in Ultrapar Participações S.A. (NYSE:UGP)

BNP Paribas Financial Markets increased its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 588.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 467,712 shares of the oil and gas company’s stock after acquiring an additional 399,798 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ultrapar Participações were worth $1,230,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC increased its stake in Ultrapar Participações by 23.0% in the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 3,688 shares during the period. QRG Capital Management Inc. increased its stake 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 buying an additional 5,687 shares during the period. Sei Investments Co. increased its stake in Ultrapar Participações by 27.9% in the 4th quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company’s stock valued at $83,000 after buying an additional 6,882 shares during the period. Quadrant Capital Group LLC increased its stake in Ultrapar Participações by 49.6% in the 4th quarter. Quadrant Capital Group LLC now owns 27,813 shares of the oil and gas company’s stock valued at $73,000 after buying an additional 9,220 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $107,000 after buying an additional 10,368 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

UGP stock opened at $3.16 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 6.87, a P/E/G ratio of 2.39 and a beta of 1.13. Ultrapar Participações S.A. has a 12 month low of $2.53 and a 12 month high of $4.89. The firm has a 50 day moving average of $3.03 and a two-hundred day moving average of $2.96.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0774 per share. This represents a dividend yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações’s dividend payout ratio is currently 36.11%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $4.10 to $3.20 in a research note on Friday, January 31st. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participações Profile

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.