Ultrapar Participacoes S.A. (NYSE:UGP) Shares Set to Pay Quarterly Dividend of $0.18

Ultrapar Participacoes S.A. (NYSE:UGP) declared a quarterly dividend on Thursday, November 12th. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.1796 per share by the oil and gas company on Monday, December 14th. This represents a $0.72 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, November 25th.

Ultrapar Participacoes has raised its dividend payment by an average of 0.4% per year over the last three years. Ultrapar Participacoes has a dividend payout ratio of 88.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Ultrapar Participacoes to earn $0.59 per share next year, which means the company should continue to be able to cover its $0.31 annual dividend with an expected future payout ratio of 52.5%.

Ultrapar Participacoes Stock Up 2.4%

Shares of Ultrapar Participacoes stock traded up $0.14 on Friday, reaching $5.76. 2,510,564 shares of the company were exchanged, compared to its average volume of 3,343,433. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.31 and a beta of 0.85. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. Ultrapar Participacoes has a one year low of $3.60 and a one year high of $8.28. The company has a 50-day moving average of $7.08 and a 200 day moving average of $5.96.

Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. On average, equities research analysts forecast that Ultrapar Participacoes will post 0.79 earnings per share for the current year.

Insiders Place Their Bets

In other Ultrapar Participacoes news, insider Pedro Guedes Rabelo sold 30,000 shares of the company’s stock in a transaction 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 directly owned 57,898 shares in the company, valued at $438,866.84. The trade was a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total transaction of $55,440.00. Following the completion of the transaction, the chief executive officer directly owned 151,432 shares in the company, valued at $1,049,423.76. The trade was a 5.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,785 shares of company stock valued at $587,312 over the last ninety days. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Corient Private Wealth LP boosted its holdings in shares of Ultrapar Participacoes by 2.7% during the second quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 1,651 shares during the period. Sequoia Financial Advisors LLC increased its stake in shares of Ultrapar Participacoes by 2.8% during the first quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 1,784 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Ultrapar Participacoes by 45.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,982 shares during the period. Hsbc Holdings PLC lifted its holdings in Ultrapar Participacoes by 0.7% during the 1st quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company’s stock worth $2,483,000 after purchasing an additional 3,050 shares during the last quarter. Finally, Plan A Wealth LLC lifted its holdings in Ultrapar Participacoes by 24.3% during the 3rd quarter. Plan A Wealth LLC now owns 15,620 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 3,050 shares during the last quarter. 3.58% of the stock is owned by institutional investors.

About Ultrapar Participacoes

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.