EntryPoint Capital LLC Takes Position in Ultrapar Participações S.A. (NYSE:UGP)

EntryPoint Capital LLC acquired a new position in shares of Ultrapar Participações S.A. (NYSE:UGP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 96,180 shares of the oil and gas company’s stock, valued at approximately $253,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock worth $52,000 after acquiring an additional 3,688 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Ultrapar Participações by 38.1% during the fourth quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 5,687 shares during the last quarter. Sei Investments Co. grew its position in Ultrapar Participações by 27.9% in the fourth quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company’s stock valued at $83,000 after purchasing an additional 6,882 shares in the last quarter. Jane Street Group LLC increased its stake in Ultrapar Participações by 26.0% in the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 10,037 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Ultrapar Participações by 34.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company’s stock worth $107,000 after buying an additional 10,368 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

Ultrapar Participações Trading Up 0.2 %

Shares of NYSE:UGP opened at $3.12 on Friday. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $5.85. The business has a 50 day moving average of $2.91 and a 200-day moving average of $3.18. 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 stock has a market cap of $3.47 billion, a PE ratio of 6.77, a P/E/G ratio of 2.39 and a beta of 1.42.

Ultrapar Participações Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, March 24th. Stockholders 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 33.33%.

Analyst Ratings Changes

A number of research firms recently issued reports on UGP. Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price target for the company from $4.10 to $3.20 in a research note on Friday, January 31st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.20.

About Ultrapar Participações

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.