Ultrapar Participacoes SA (UGP) Sees Strong Trading Volume
Shares of Ultrapar Participacoes SA (NYSE:UGP) saw an uptick in trading volume on Friday . 663,749 shares were traded during trading, an increase of 4% from the previous session’s volume of 639,388 shares.The stock last traded at $22.91 and had previously closed at $22.97.
Separately, Zacks Investment Research raised shares of Ultrapar Participacoes SA from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 28th.
The firm has a 50 day moving average price of $22.64 and a 200-day moving average price of $19.99. The stock has a market capitalization of $12.31 billion and a P/E ratio of 26.05.
The company also recently announced a dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd will be given a dividend of $0.255 per share. The ex-dividend date is Thursday, August 18th.
Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants.
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