Ultrapar Participações (NYSE:UGP) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Ultrapar Participações (NYSE:UGP) from a neutral rating to an overweight rating in a research note issued to investors on Tuesday morning, MarketBeat reports.

A number of other research analysts have also weighed in on UGP. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $2.72 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a fifty day moving average of $3.04 and a 200 day moving average of $3.67. The firm has a market cap of $3.03 billion, a PE ratio of 5.91, a PEG ratio of 2.21 and a beta of 1.52. Ultrapar Participações has a one year low of $2.53 and a one year high of $6.34.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UGP. BNP Paribas Financial Markets increased its holdings in shares of Ultrapar Participações by 71.8% in the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 28,379 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Ultrapar Participações during the 3rd quarter worth $1,595,000. Creative Planning raised its holdings in shares of Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock worth $217,000 after acquiring an additional 17,430 shares during the period. Walleye Capital LLC boosted its position in shares of Ultrapar Participações by 41.5% during the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock valued at $141,000 after acquiring an additional 10,654 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after purchasing an additional 1,099,433 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.