YPF Sociedad Anónima (NYSE:YPF – Get Free Report) dropped 3.9% on Friday . The company traded as low as $42.01 and last traded at $42.12. Approximately 1,400,865 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 2,510,010 shares. The stock had previously closed at $43.82.
Wall Street Analyst Weigh In
Several research firms have recently commented on YPF. Bank of America raised shares of YPF Sociedad Anónima from a “neutral” rating to a “buy” rating and increased their price target for the company from $31.00 to $55.00 in a research note on Monday, December 9th. Citigroup cut YPF Sociedad Anónima from a “buy” rating to a “neutral” rating and lifted their target price for the company from $33.00 to $44.00 in a research note on Wednesday, November 27th. StockNews.com lowered YPF Sociedad Anónima from a “buy” rating to a “hold” rating in a research note on Sunday, January 12th. JPMorgan Chase & Co. upgraded YPF Sociedad Anónima from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $25.00 to $59.50 in a research report on Friday, January 10th. Finally, UBS Group reissued a “neutral” rating and set a $38.00 price objective (up from $30.00) on shares of YPF Sociedad Anónima in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.16.
Check Out Our Latest Research Report on YPF Sociedad Anónima
YPF Sociedad Anónima Stock Performance
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of YPF. Marshall Wace LLP raised its holdings in YPF Sociedad Anónima by 6,194.9% in the second quarter. Marshall Wace LLP now owns 947,260 shares of the oil and gas exploration company’s stock worth $19,059,000 after purchasing an additional 932,212 shares during the period. Duquesne Family Office LLC acquired a new stake in YPF Sociedad Anónima during the 2nd quarter worth $12,845,000. Squarepoint Ops LLC bought a new position in YPF Sociedad Anónima during the second quarter worth about $6,890,000. Assenagon Asset Management S.A. grew its stake in YPF Sociedad Anónima by 1,685.6% in the third quarter. Assenagon Asset Management S.A. now owns 312,293 shares of the oil and gas exploration company’s stock valued at $6,624,000 after acquiring an additional 294,803 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of YPF Sociedad Anónima by 1,119.3% in the third quarter. JPMorgan Chase & Co. now owns 250,550 shares of the oil and gas exploration company’s stock worth $5,314,000 after acquiring an additional 230,001 shares in the last quarter. Institutional investors and hedge funds own 10.08% of the company’s stock.
About YPF Sociedad Anónima
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.
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