Mexican billionaire Carlos Slim has purchased an 8.4% stake in YPF SA (ADR) (NYSE:YPF), Argentina’s major oil-and-gas corporation.
The YPF reported in the filling sent to the local stock exchange on Thursday that Carlos Slim purchased 6.59% of YPF’s stake or around 25.9 million Class D shares for $288 million. Mr. Slim also purchased one more 1.77% or around seven million shares as part of the agreement.
Mexican billionaire Carlos Slim got the stake through Grupo Financiero Inbursa SAB de CV. The shares earlier belonged to Argentina’s Eskenazi family, which possessed 25.46% of YPF through Petersen Energia.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Petrobras Argentina SA ADR (NYSE:PZE) increased +2.34% to settle at $7.43, Petroleo Brasileiro SA (ADR) (NYSE:PBR) moved down -2.55% to end at $18.35 while Exxon Mobil Corporation (NYSE:XOM) jumped +1.86% to finish on Thursday at $82.13.
YPF SA (ADR) (NYSE:YPF) last session volume of 2.45 million shares was surprisingly lower than its average volume of 719,693.00 shares. The stock after opening at $10.25 hit high price of $10.51 and then closed at $10.45 by scoring +1.85%.
The liquidity measure in recent quarter results of the company was recorded 0.65 as current ratio and on the other side the debt to equity ratio was 0.68 and long-term debt to equity ratio also remained 0.25. The Company had total cash at hand $325.46 million and a book value per share as $10.61 in the most recent quarter.
The stock price volatility was 7.55% for a week and 7.40% for a month as well as price volatility’s Average True Range for 14 days was 0.88 and its beta remained 0.78.
YPF generated revenue of 12.66 billion in the following twelve months and earned $1.18 billion. The Company showed a negative 9.34% in the net profit margin and as well as in its operating margin which remained 15.10%. Company’s annual sales growth for the past five year was 17.20%.
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