Ultrapar Participacoes S.A. (NYSE:UGP) Shares to Pay Quarterly Dividend of $0.18

Ultrapar Participacoes S.A. (NYSE:UGP) declared a quarterly dividend on Thursday, November 12th. Investors of record on Wednesday, November 25th will be given a dividend of $0.1796 per share by the oil and gas company on Monday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Wednesday, November 25th.

Ultrapar Participacoes has raised its dividend by an average of 0.4% per year over the last three years. Ultrapar Participacoes has a dividend payout ratio of 88.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Ultrapar Participacoes to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 52.5%.

Ultrapar Participacoes Trading Up 1.9%

NYSE:UGP traded up $0.10 during trading hours on Friday, reaching $5.74. The company’s stock had a trading volume of 2,188,582 shares, compared to its average volume of 3,340,508. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.31 and a beta of 0.85. The firm has a 50-day simple moving average of $7.08 and a 200-day simple moving average of $5.96. Ultrapar Participacoes has a 1 year low of $3.60 and a 1 year high of $8.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64.

Ultrapar Participacoes (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.18 billion. Research analysts expect that Ultrapar Participacoes will post 0.79 EPS for the current fiscal year.

Insider Buying and Selling at Ultrapar Participacoes

In related news, CFO Andre Saleme Hachem sold 39,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total transaction of $300,664.00. Following the completion of the transaction, the chief financial officer owned 25,675 shares of the company’s stock, valued at $196,927.25. This trade represents a 60.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Decio De Sampaio Amaral sold 8,000 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 151,432 shares in the company, valued at $1,049,423.76. This trade represents a 5.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 77,785 shares of company stock valued at $587,312. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Ultrapar Participacoes

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in 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 worth $35,000 after buying an additional 1,982 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Ultrapar Participacoes in the first quarter worth approximately $62,000. Park Avenue Securities LLC bought a new position in shares of Ultrapar Participacoes in the third quarter worth approximately $81,000. Global Retirement Partners LLC lifted its stake in shares of Ultrapar Participacoes by 144.1% in the third quarter. Global Retirement Partners LLC now owns 11,164 shares of the oil and gas company’s stock worth $82,000 after buying an additional 6,591 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock valued at $68,000 after buying an additional 7,724 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

About Ultrapar Participacoes

Ultrapar Participações S.A. is a Brazilian holding company with businesses focused on fuel distribution, liquefied petroleum gas (LPG) and bulk liquid storage. Its operations serve customers across Brazil, including consumers, businesses and industrial clients. The company’s main businesses include Ipiranga, which distributes and markets fuels and related products, and Ultragaz, a supplier of LPG for residential, commercial and industrial use. Through Ultracargo, Ultrapar also provides storage and handling services for bulk liquids, including fuels and chemicals.