BP p.l.c. (BP) is Lehman Financial Resources Inc.’s 9th Largest Position

Lehman Financial Resources Inc. reduced its position in shares of BP p.l.c. (NYSE:BP) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,270 shares of the oil and gas exploration company’s stock after selling 2,084 shares during the period. BP p.l.c. accounts for 3.4% of Lehman Financial Resources Inc.’s portfolio, making the stock its 9th largest position. Lehman Financial Resources Inc.’s holdings in BP p.l.c. were worth $5,881,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Krilogy Financial LLC increased its position in shares of BP p.l.c. by 18.8% in the second quarter. Krilogy Financial LLC now owns 3,514 shares of the oil and gas exploration company’s stock valued at $125,000 after buying an additional 555 shares during the last quarter. Farmers National Bank acquired a new position in shares of BP p.l.c. during the second quarter valued at about $131,000. Advisory Services Network LLC increased its position in shares of BP p.l.c. by 121.7% in the third quarter. Advisory Services Network LLC now owns 3,860 shares of the oil and gas exploration company’s stock valued at $136,000 after buying an additional 2,119 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of BP p.l.c. by 5.0% in the second quarter. Quadrant Capital Group LLC now owns 4,542 shares of the oil and gas exploration company’s stock valued at $151,000 after buying an additional 217 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in shares of BP p.l.c. by 5.6% in the second quarter. JFS Wealth Advisors LLC now owns 5,381 shares of the oil and gas exploration company’s stock valued at $191,000 after buying an additional 286 shares during the last quarter. 11.30% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for BP p.l.c. (NYSE:BP)

Shares of BP p.l.c. (NYSE:BP) traded up 0.8577% during trading on Wednesday, reaching $37.4283. 2,705,380 shares of the company’s stock were exchanged. The firm’s market capitalization is $117.98 billion. The company’s 50-day moving average price is $36.28 and its 200 day moving average price is $35.03. BP p.l.c. has a 52 week low of $27.01 and a 52 week high of $38.68.

BP p.l.c. (NYSE:BP) last released its quarterly earnings results on Tuesday, November 1st. The oil and gas exploration company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.25 by $0.05. The business earned $48.04 billion during the quarter, compared to analyst estimates of $50.51 billion. BP p.l.c. had a negative net margin of 2.03% and a positive return on equity of 2.48%. The company’s quarterly revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.60 earnings per share. Analysts predict that BP p.l.c. will post $1.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 16th. Stockholders of record on Friday, November 11th were given a dividend of $0.595 per share. The ex-dividend date of this dividend was Tuesday, November 8th. This represents a $2.38 annualized dividend and a dividend yield of 6.41%. BP p.l.c.’s dividend payout ratio is currently -195.08%.

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BP has been the subject of several recent analyst reports. HSBC restated a “buy” rating on shares of BP p.l.c. in a research note on Wednesday. Barclays PLC restated a “buy” rating on shares of BP p.l.c. in a research note on Thursday, October 6th. Independent Research GmbH upgraded shares of BP p.l.c. from a “hold” rating to a “buy” rating in a research note on Thursday, December 1st. Vetr cut shares of BP p.l.c. from a “strong-buy” rating to a “buy” rating and set a $39.01 target price for the company. in a research note on Wednesday, November 30th. Finally, Societe Generale cut shares of BP p.l.c. from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $35.89.

BP p.l.c. Company Profile

BP p.l.c. is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. The Company operates through three segments: Upstream, Downstream and Rosneft.

5 Day Chart for NYSE:BP

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