Hedge Fund Buys Over $200k Worth of Shares in Diversified Oil and Gas Company Ultrapar Participacoes S.A.
06.09.2023 By Tank Terminals - NEWS

June 9, 2023[BestStocks]- Hedge funds have long been a favored investment vehicle for high net worth individuals and institutions looking to diversify or enhance their portfolio returns, providing sophisticated investment strategies unavailable to the average investor.


One such hedge fund, HRT Financial LP, has recently purchased 119,459 shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the fourth quarter, valued at approximately $289,000 according to its most recent Form 13F filing with the Securities and Exchange Commission.

Ultrapar Participacoes S.A., an oil and gas company with a market capitalization of $4.03 billion, operates through several segments including fuel distribution, LPG distribution, chemicals, storage terminals, and drugstores. Shares in the firm opened at $3.62 on Wednesday – a healthy boost from its 52-week low of $2.13 – with a fifty-day moving average of $3.11 and a two-hundred-day moving average of $2.72.

The company’s financial standing is sound, evidenced by its debt-to-equity ratio of 0.92 and quick ratio of 1.41 as well as its tripling of net profit in Q3 2020 compared to the same quarter in the previous year. Moreover, analysts expect continued growth for Ultrapar Participacoes S.A.: the company boasts a price-to-earnings ratio (P/E) of 12.91 and a PEG ratio of 0.61 indicating that it is undervalued in relation to expected earnings growth.

Investors interested in exploring what other hedge funds are holding UGP can use HoldingsChannel.com to get the latest 13F filings and insider trades for Ultrapar Participacoes S.A.

In conclusion, HRT Financial LP’s purchase gives further credence to Ultrapar Participacoes S.A.’s success story despite economic headwinds wrought by COVID-19. With its sound financial standing and strategic positioning as a diversified oil and gas company, Ultrapar Participacoes S.A. remains an intriguing investment opportunity for discerning investors seeking exposure to the sector.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Russia’s Novatek Reaches Vysotsk LNG Production Milestone
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- Russian LNG exporter Novatek has reached a new production milesto... Read More
US Weekly LNG Exports Down to 21 Shipments
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- US liquefied natural gas (LNG) exports declined in the week endin... Read More
Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
09.29.2023 - NEWS
September 29, 2023 [Pilot]- JV will develop, construct, and operate a terminal in the Galveston B... Read More
Oil Prices Rise As Crude Oil Inventories Build, Products Fall
09.29.2023 - NEWS
September 29, 2023 [Oil Price]- The American Petroleum Institute (API) has reported a build of 1.... Read More