EntryPoint Capital LLC Buys Shares of 96,180 Ultrapar Participações S.A. (NYSE:UGP)

EntryPoint Capital LLC acquired a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 modified their holdings of UGP. Sei Investments Co. increased its stake in Ultrapar Participações by 27.9% during the 4th quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company's stock valued at $83,000 after buying an additional 6,882 shares during the period. American Century Companies Inc. increased its stake in shares of Ultrapar Participações by 6.5% during the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company's stock valued at $4,671,000 after acquiring an additional 108,213 shares during the period. Quantbot Technologies LP raised its holdings in Ultrapar Participações by 78.0% during the fourth quarter. Quantbot Technologies LP now owns 68,392 shares of the oil and gas company's stock worth $180,000 after purchasing an additional 29,968 shares in the last quarter. Signaturefd LLC lifted its position in Ultrapar Participações by 23.0% in the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock worth $52,000 after purchasing an additional 3,688 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Ultrapar Participações by 79.8% during the 4th quarter. Corient Private Wealth LLC now owns 39,489 shares of the oil and gas company's stock valued at $104,000 after purchasing an additional 17,531 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Ultrapar Participações Trading Down 0.5 %

Shares of Ultrapar Participações stock traded down $0.02 during trading on Wednesday, hitting $3.09. The stock had a trading volume of 322,202 shares, compared to its average volume of 1,667,208. Ultrapar Participações S.A. has a 1 year low of $2.53 and a 1 year high of $5.85. The stock has a 50 day simple moving average of $2.92 and a 200 day simple moving average of $3.15. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.44 billion, a PE ratio of 6.71, a P/E/G ratio of 2.39 and a beta of 1.42.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.0774 per share. This represents a yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações's payout ratio is 33.33%.

About Ultrapar Participações

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.