Ultrapar Participacoes (NYSE:UGP) CEO Decio De Sampaio Amaral Sells 8,000 Shares

Ultrapar Participacoes S.A. (NYSE:UGP) CEO Decio De Sampaio Amaral sold 8,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the completion of the transaction, the chief executive officer directly owned 151,432 shares in the company, valued at approximately $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ultrapar Participacoes Stock Performance

Shares of UGP traded up $0.01 during mid-day trading on Thursday, hitting $7.14. The company’s stock had a trading volume of 943,896 shares, compared to its average volume of 3,009,677. Ultrapar Participacoes S.A. has a one year low of $3.58 and a one year high of $7.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The firm has a market capitalization of $7.97 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.41 and a beta of 0.73. The stock’s 50-day moving average is $6.11 and its two-hundred day moving average is $5.64.

Ultrapar Participacoes (NYSE:UGP) last announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. As a group, sell-side analysts anticipate that Ultrapar Participacoes S.A. will post 0.78 EPS for the current year.

Ultrapar Participacoes Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th will be issued a $0.1932 dividend. The ex-dividend date is Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio (DPR) is 49.18%.

Analyst Ratings Changes

Several equities research analysts have commented on UGP shares. UBS Group boosted their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. The Goldman Sachs Group dropped their price objective on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research note on Wednesday, August 26th. Weiss Ratings upgraded Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. Wall Street Zen raised shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and raised their target price for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.40.

Institutional Investors Weigh In On Ultrapar Participacoes

Several institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd acquired a new position in Ultrapar Participacoes in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in shares of Ultrapar Participacoes by 45.0% in the 1st 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 last quarter. GeoWealth Management LLC acquired a new stake in shares of Ultrapar Participacoes in the fourth quarter valued at about $44,000. EP Wealth Advisors LLC bought a new position in shares of Ultrapar Participacoes during the fourth quarter worth about $45,000. Finally, Boothbay Fund Management LLC bought a new stake in Ultrapar Participacoes in the fourth quarter valued at approximately $47,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participacoes Company Profile

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.