BNP Paribas Financial Markets Purchases 28,379 Shares of Ultrapar Participações S.A. (NYSE:UGP)

BNP Paribas Financial Markets raised its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 71.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,914 shares of the oil and gas company’s stock after buying an additional 28,379 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ultrapar Participações were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Creative Planning increased its position in shares of Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 17,430 shares during the last quarter. Marshall Wace LLP boosted its holdings in Ultrapar Participações by 332.6% during the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after acquiring an additional 1,099,433 shares during the period. Sequoia Financial Advisors LLC bought a new position in Ultrapar Participações during the 3rd quarter worth approximately $46,000. Signaturefd LLC increased its stake in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in Ultrapar Participações in the second quarter valued at approximately $5,887,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Stock Down 3.9 %

NYSE UGP opened at $2.70 on Tuesday. The business’s 50-day moving average is $3.39 and its 200 day moving average is $3.85. The stock has a market capitalization of $3.01 billion, a PE ratio of 5.87, a PEG ratio of 2.21 and a beta of 1.53. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações S.A. has a 1 year low of $2.69 and a 1 year high of $6.34.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $5.20.

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.