Ultrapar Participacoes S.A. (UGP) To Go Ex-Dividend on August 26th

Ultrapar Participacoes S.A. (NYSE:UGP) declared a dividend on Thursday, August 13th. Stockholders of record on Wednesday, August 26th will be paid a dividend of 0.1932 per share by the oil and gas company on Monday, September 14th. This represents a dividend yield of 634.0%. The ex-dividend date is Wednesday, August 26th.

Ultrapar Participacoes has increased its dividend payment by an average of 0.4%per year over the last three years. Ultrapar Participacoes has a payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Ultrapar Participacoes to earn $0.57 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 35.1%.

Ultrapar Participacoes Stock Up 0.1%

UGP opened at $6.17 on Friday. The stock’s 50 day moving average price is $5.64 and its 200 day moving average price is $5.48. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 1.30. The stock has a market cap of $6.88 billion, a P/E ratio of 10.11, a P/E/G ratio of 0.37 and a beta of 0.70. Ultrapar Participacoes has a 12 month low of $3.11 and a 12 month high of $6.59.

Hedge Funds Weigh In On Ultrapar Participacoes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its stake in shares of Ultrapar Participacoes by 2.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company’s stock worth $357,000 after buying an additional 1,784 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Ultrapar Participacoes by 45.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,982 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Ultrapar Participacoes by 0.7% in the first quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company’s stock valued at $2,483,000 after buying an additional 3,050 shares during the period. Franklin Resources Inc. boosted its stake in Ultrapar Participacoes by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 4,688 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Ultrapar Participacoes by 6.0% during the first quarter. Sei Investments Co. now owns 84,176 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 4,779 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.