BP p.l.c. (NYSE:BP) Stake Increased by Quantbot Technologies LP

Quantbot Technologies LP raised its stake in shares of BP p.l.c. (NYSE:BP) by 686.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 154,782 shares of the oil and gas exploration company’s stock after buying an additional 135,103 shares during the period. Quantbot Technologies LP’s holdings in BP p.l.c. were worth $5,343,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its position in shares of BP p.l.c. by 8.0% in the first quarter. Russell Investments Group Ltd. now owns 4,169,463 shares of the oil and gas exploration company’s stock valued at $143,927,000 after buying an additional 309,046 shares during the last quarter. Sound Shore Management Inc. CT raised its position in shares of BP p.l.c. by 8.1% in the first quarter. Sound Shore Management Inc. CT now owns 4,069,591 shares of the oil and gas exploration company’s stock valued at $140,482,000 after buying an additional 303,382 shares during the last quarter. Brandes Investment Partners LP raised its position in shares of BP p.l.c. by 1.5% in the first quarter. Brandes Investment Partners LP now owns 3,507,691 shares of the oil and gas exploration company’s stock valued at $121,085,000 after buying an additional 50,569 shares during the last quarter. ARGA Investment Management LP raised its position in shares of BP p.l.c. by 3.7% in the first quarter. ARGA Investment Management LP now owns 2,586,592 shares of the oil and gas exploration company’s stock valued at $89,288,000 after buying an additional 92,335 shares during the last quarter. Finally, Rockefeller Financial Services Inc. raised its position in shares of BP p.l.c. by 0.4% in the first quarter. Rockefeller Financial Services Inc. now owns 2,255,380 shares of the oil and gas exploration company’s stock valued at $77,855,000 after buying an additional 8,102 shares during the last quarter. 10.02% of the stock is currently owned by institutional investors.

Shares of BP p.l.c. (BP) opened at 34.36 on Wednesday. The stock’s 50 day moving average is $35.80 and its 200 day moving average is $35.41. The firm has a market capitalization of $112.61 billion, a P/E ratio of 51.13 and a beta of 0.94. BP p.l.c. has a 1-year low of $32.50 and a 1-year high of $38.68.

BP p.l.c. (NYSE:BP) last posted its earnings results on Tuesday, May 2nd. The oil and gas exploration company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.08. The firm had revenue of $55.86 billion for the quarter, compared to the consensus estimate of $59.87 billion. BP p.l.c. had a net margin of 1.06% and a return on equity of 3.72%. The company’s revenue was up 45.1% on a year-over-year basis. During the same period last year, the firm posted $0.17 EPS. Equities analysts predict that BP p.l.c. will post $1.74 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, May 12th were given a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend was Wednesday, May 10th. BP p.l.c.’s dividend payout ratio (DPR) is 366.16%.

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Several equities analysts recently issued reports on BP shares. Deutsche Bank AG raised shares of BP p.l.c. from a “hold” rating to a “buy” rating in a report on Tuesday, April 4th. Zacks Investment Research raised shares of BP p.l.c. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 6th. Morgan Stanley reissued a “buy” rating on shares of BP p.l.c. in a report on Monday, June 12th. Simmons lifted their price objective on shares of BP p.l.c. from $34.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, April 19th. Finally, Jefferies Group LLC set a $36.00 price objective on shares of BP p.l.c. and gave the company a “hold” rating in a report on Wednesday, May 17th. Three analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. BP p.l.c. presently has a consensus rating of “Hold” and a consensus target price of $36.11.

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.

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

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