Citigroup Inc. Cuts Position in YPF Sociedad Anónima (NYSE:YPF)

Citigroup Inc. lessened its holdings in YPF Sociedad Anónima (NYSE:YPF - Free Report) by 63.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,150,541 shares of the oil and gas exploration company's stock after selling 1,978,840 shares during the period. Citigroup Inc. owned about 0.29% of YPF Sociedad Anónima worth $24,403,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Ping Capital Management Inc. purchased a new stake in shares of YPF Sociedad Anónima during the second quarter worth approximately $51,676,000. Marshall Wace LLP boosted its holdings in shares of YPF Sociedad Anónima by 6,194.9% during the 2nd quarter. Marshall Wace LLP now owns 947,260 shares of the oil and gas exploration company's stock worth $19,059,000 after purchasing an additional 932,212 shares during the last quarter. Duquesne Family Office LLC purchased a new stake in shares of YPF Sociedad Anónima in the second quarter valued at approximately $12,845,000. Squarepoint Ops LLC purchased a new stake in shares of YPF Sociedad Anónima in the second quarter valued at approximately $6,890,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of YPF Sociedad Anónima by 1,685.6% in the third 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 purchasing an additional 294,803 shares during the last quarter. Institutional investors and hedge funds own 10.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on YPF shares. StockNews.com upgraded YPF Sociedad Anónima from a "hold" rating to a "buy" rating in a report on Tuesday. Jefferies Financial Group raised YPF Sociedad Anónima from a "hold" rating to a "buy" rating and increased their price target for the company from $23.50 to $30.00 in a research report on Friday, August 30th. Citigroup lowered YPF Sociedad Anónima from a "buy" rating to a "neutral" rating and increased their target price for the company from $33.00 to $44.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on YPF Sociedad Anónima from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, October 30th. Finally, Bank of America raised their target price on YPF Sociedad Anónima from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday, September 18th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $28.94.

YPF Sociedad Anónima Stock Performance

Shares of NYSE YPF traded up $0.10 during midday trading on Wednesday, reaching $40.13. 1,088,927 shares of the company were exchanged, compared to its average volume of 2,164,596. The stock has a market cap of $15.78 billion, a P/E ratio of 20.22, a PEG ratio of 0.13 and a beta of 1.78. YPF Sociedad Anónima has a 1 year low of $14.53 and a 1 year high of $42.30. The stock has a fifty day simple moving average of $26.90 and a 200 day simple moving average of $23.26. The company has a current ratio of 0.88, a quick ratio of 0.68 and a debt-to-equity ratio of 0.59.

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.