EntryPoint Capital LLC Invests $253,000 in Ultrapar Participações S.A. (NYSE:UGP)

EntryPoint Capital LLC purchased a new stake in Ultrapar Participações S.A. (NYSE:UGP) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 96,180 shares of the oil and gas company’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hennessy Advisors Inc. increased its holdings in Ultrapar Participações by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company’s stock valued at $4,764,000 after buying an additional 115,600 shares during the period. American Century Companies Inc. boosted its position in shares of Ultrapar Participações by 6.5% during the 4th quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company’s stock worth $4,671,000 after acquiring an additional 108,213 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Ultrapar Participações in the third quarter valued at approximately $1,595,000. The Manufacturers Life Insurance Company raised its position in Ultrapar Participações by 6.6% during the third quarter. The Manufacturers Life Insurance Company now owns 251,203 shares of the oil and gas company’s stock valued at $975,000 after purchasing an additional 15,517 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its stake in Ultrapar Participações by 50.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 166,966 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 56,005 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Stock Up 0.2 %

Ultrapar Participações stock opened at $3.12 on Friday. The firm has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $3.18. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações S.A. has a 52-week low of $2.53 and a 52-week high of $5.85. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 6.77, a PEG 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. Investors of record on Monday, March 10th were issued a $0.0774 dividend. The ex-dividend date was Monday, March 10th. This represents a yield of 3.8%. Ultrapar Participações’s payout ratio is 33.33%.

Wall Street Analysts Forecast Growth

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

Ultrapar Participações Company 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.