Ultrapar Participacoes (NYSE:UGP) Issues Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Ultrapar Participacoes (NYSE:UGP) announced its earnings results on Wednesday. The oil and gas company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.18, FiscalAI reports. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%.

Ultrapar Participacoes Stock Up 0.8%

Shares of UGP traded up $0.04 during mid-day trading on Wednesday, hitting $5.43. The company’s stock had a trading volume of 4,225,256 shares, compared to its average volume of 3,329,157. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The company’s 50-day moving average is $7.14 and its 200-day moving average is $5.95. Ultrapar Participacoes has a 52-week low of $3.60 and a 52-week high of $8.28. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 0.29 and a beta of 0.85.

Ultrapar Participacoes Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were paid a $0.1932 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio is 50.82%.

Analyst Ratings Changes

UGP has been the topic of several recent analyst reports. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Scotiabank cut shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research note on Thursday, September 17th. Zacks Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 15th. The Goldman Sachs Group decreased their price target on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research note on Wednesday, August 26th. Finally, JPMorgan Chase & Co. cut shares of Ultrapar Participacoes from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.54.

Insider Buying and Selling at Ultrapar Participacoes

In other news, insider Pedro Guedes Rabelo sold 30,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the transaction, the insider owned 57,898 shares of the company’s stock, valued at $438,866.84. The trade was a 34.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief executive officer owned 151,432 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 77,785 shares of company stock valued at $587,312. 1.80% of the stock is currently owned by corporate insiders.

Ultrapar Participacoes Company Profile

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.