Why These 15 Energy Stocks Are up the Most So Far in 2025

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10. Ultrapar Participacoes SA (NYSE:UGP)

Number of Hedge Fund Holders In Q4 2024: 11

Ultrapar Participacoes SA (NYSE:UGP) is a Brazilian conglomerate operating in energy and logistics, distributing liquefied petroleum gas, fuel, and chemicals, and providing bulk storage and digital payments services.

The most significant news affecting the stock in 2025 was the filing of its 2024 Form 20-F annual report with the SEC on April 22, 2025.

Citi’s recent price target adjustment for Ultrapar, while lowering expectations due to anticipated weaker results from its Ipiranga segment, still maintained a ‘Buy’ rating, reflecting confidence in the company’s operating cash flow and attractive valuation.

The consensus price target of $3.2 implies 4.4% upside.

UGP stock is up 19.98% year-to-date.

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