First Trust Advisors LP cut its position in BP p.l.c. (NYSE:BP) by 4.2% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 53,418 shares of the oil and gas exploration company’s stock after selling 2,369 shares during the period. First Trust Advisors LP’s holdings in BP p.l.c. were worth $1,844,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Beck Mack & Oliver LLC boosted its position in BP p.l.c. by 1.4% in the first quarter. Beck Mack & Oliver LLC now owns 7,782 shares of the oil and gas exploration company’s stock worth $269,000 after buying an additional 104 shares in the last quarter. Sabal Trust CO boosted its position in BP p.l.c. by 0.6% in the first quarter. Sabal Trust CO now owns 23,946 shares of the oil and gas exploration company’s stock worth $827,000 after buying an additional 145 shares in the last quarter. Beacon Financial Group boosted its position in BP p.l.c. by 2.5% in the first quarter. Beacon Financial Group now owns 8,154 shares of the oil and gas exploration company’s stock worth $281,000 after buying an additional 198 shares in the last quarter. Heritage Investors Management Corp boosted its position in BP p.l.c. by 0.9% in the first quarter. Heritage Investors Management Corp now owns 22,965 shares of the oil and gas exploration company’s stock worth $793,000 after buying an additional 200 shares in the last quarter. Finally, Grimes & Company Inc. boosted its position in BP p.l.c. by 1.8% in the first quarter. Grimes & Company Inc. now owns 11,589 shares of the oil and gas exploration company’s stock worth $400,000 after buying an additional 204 shares in the last quarter. 10.26% of the stock is currently owned by institutional investors.
Shares of BP p.l.c. (NYSE BP) opened at 36.00 on Friday. The firm has a 50 day moving average price of $35.75 and a 200 day moving average price of $35.43. BP p.l.c. has a one year low of $31.57 and a one year high of $38.68. The stock has a market capitalization of $117.99 billion, a PE ratio of 53.57 and a beta of 0.99. BP p.l.c. also was the target of some unusual options trading on Thursday. Stock investors acquired 690 call options on the company. This is an increase of 118% compared to the average daily volume of 317 call options.
BP p.l.c. (NYSE:BP) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. BP p.l.c. had a return on equity of 3.72% and a net margin of 1.06%. The business had revenue of $55.86 billion during the quarter, compared to analysts’ expectations of $59.87 billion. During the same period in the previous year, the firm posted $0.17 earnings per share. The company’s revenue was up 45.1% on a year-over-year basis. Analysts predict that BP p.l.c. will post $1.92 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, May 12th will be issued a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $2.38 dividend on an annualized basis and a yield of 6.61%. BP p.l.c.’s dividend payout ratio (DPR) is presently 366.16%.
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A number of research firms recently commented on BP. Jefferies Group LLC set a $36.00 price target on BP p.l.c. and gave the stock a “hold” rating in a report on Wednesday, May 17th. Zacks Investment Research raised BP p.l.c. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 6th. Simmons boosted their price target on BP p.l.c. from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, April 19th. Citigroup Inc. downgraded BP p.l.c. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.88 to $30.66 in a research note on Wednesday, April 19th. Finally, Vetr raised BP p.l.c. from a “sell” rating to a “hold” rating and set a $33.35 price objective on the stock in a research note on Monday, May 8th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. BP p.l.c. presently has a consensus rating of “Buy” and an average target price of $36.21.
BP p.l.c. Company Profile
BP p.l.c. is an integrated oil and gas company. The Company owns an interest in OJSC Oil Company Rosneft (Rosneft), an oil and gas company. The Company’s segments include Upstream, Downstream, Rosneft, and Other businesses and corporate. The Upstream segment is engaged in oil and natural gas exploration, field development and production, as well as midstream transportation, storage and processing.
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