StockNews.com Initiates Coverage on Ultrapar Participações (NYSE:UGP)

StockNews.com started coverage on shares of Ultrapar Participações (NYSE:UGP – Get Rating) in a research report report published on Thursday. The firm issued a buy rating on the oil and gas company’s stock.

Ultrapar Participações Trading Down 0.8 %

NYSE UGP opened at $2.54 on Thursday. Ultrapar Participações has a 1 year low of $2.13 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.45 and a quick ratio of 1.07. The company has a fifty day moving average of $2.54 and a 200 day moving average of $2.51. The company has a market capitalization of $2.83 billion, a PE ratio of 8.19, a P/E/G ratio of 0.42 and a beta of 1.19.

Ultrapar Participações Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, February 27th were issued a $0.017 dividend. The ex-dividend date of this dividend was Friday, February 24th. This represents a yield of 0.65%. Ultrapar Participações’s payout ratio is 6.45%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its holdings in Ultrapar Participações by 0.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,461,333 shares of the oil and gas company’s stock valued at $5,956,000 after buying an additional 20,829 shares in the last quarter. Millennium Management LLC increased its stake in shares of Ultrapar Participações by 194.0% during the fourth quarter. Millennium Management LLC now owns 2,266,762 shares of the oil and gas company’s stock worth $5,486,000 after purchasing an additional 1,495,832 shares in the last quarter. State Street Corp increased its stake in shares of Ultrapar Participações by 85.3% during the third quarter. State Street Corp now owns 2,199,348 shares of the oil and gas company’s stock worth $4,817,000 after purchasing an additional 1,012,518 shares in the last quarter. Marshall Wace LLP increased its stake in shares of Ultrapar Participações by 21.1% during the fourth quarter. Marshall Wace LLP now owns 1,583,260 shares of the oil and gas company’s stock worth $3,831,000 after purchasing an additional 275,341 shares in the last quarter. Finally, Northern Trust Corp increased its stake 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 worth $3,169,000 after purchasing an additional 220,678 shares in the last quarter. Hedge funds and other institutional investors own 2.98% of the company’s stock.

About Ultrapar Participações

(Get Rating)

Ultrapar Participaçoes SA engages in the distribution and retail services including, fuel, liquefied petroleum gas (LPG), retail pharmacy, specialty chemicals and liquid bulk storage businesses. It operates through the following segments: Ultragaz, Ipiranga, Oxiteno, Ultracargo, Extrafarma and Others.