YPF Sociedad Anónima (NYSE:YPF) Downgraded by Citigroup to “Neutral”

YPF Sociedad Anónima (NYSE:YPF) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report issued on Wednesday, Marketbeat reports. They currently have a $44.00 target price on the oil and gas exploration company’s stock, up from their prior target price of $33.00. Citigroup’s price objective suggests a potential upside of 9.89% from the company’s current price.

Several other equities analysts have also issued reports on YPF. JPMorgan Chase & Co. boosted their price target on YPF Sociedad Anónima from $24.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upgraded shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating and lifted their price objective for the company from $23.50 to $30.00 in a research note on Friday, August 30th. StockNews.com raised shares of YPF Sociedad Anónima from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Bank of America lifted their price target on shares of YPF Sociedad Anónima from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, YPF Sociedad Anónima presently has an average rating of “Hold” and a consensus price target of $28.94.

YPF Sociedad Anónima Stock Up 2.0 %

Shares of NYSE YPF opened at $40.04 on Wednesday. The company’s 50 day moving average price is $26.90 and its 200-day moving average price is $23.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.68 and a current ratio of 0.88. YPF Sociedad Anónima has a 52-week low of $14.53 and a 52-week high of $42.30. The company has a market capitalization of $15.75 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 0.13 and a beta of 1.78.

Institutional Investors Weigh In On YPF Sociedad Anónima

Institutional investors and hedge funds have recently made changes to their positions in the business. Ping Capital Management Inc. purchased a new position in YPF Sociedad Anónima during the 2nd quarter worth $51,676,000. Marshall Wace LLP lifted its position in shares of YPF Sociedad Anónima by 6,194.9% during the second quarter. Marshall Wace LLP now owns 947,260 shares of the oil and gas exploration company’s stock valued at $19,059,000 after purchasing an additional 932,212 shares in the last quarter. Duquesne Family Office LLC purchased a new position in YPF Sociedad Anónima during the second quarter worth about $12,845,000. Squarepoint Ops LLC bought a new stake in YPF Sociedad Anónima in the 2nd quarter worth about $6,890,000. Finally, Assenagon Asset Management S.A. increased its stake in YPF Sociedad Anónima by 1,685.6% in the 3rd 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 buying an additional 294,803 shares during 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.