RGT Capital Management Ltd. raised its position in BP p.l.c. (NYSE:BP) by 1.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,816 shares of the oil and gas exploration company’s stock after buying an additional 125 shares during the period. RGT Capital Management Ltd.’s holdings in BP p.l.c. were worth $339,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of BP. Atlas Brown Inc. boosted its position in shares of BP p.l.c. by 8.7% in the first quarter. Atlas Brown Inc. now owns 25,241 shares of the oil and gas exploration company’s stock worth $871,000 after buying an additional 2,014 shares in the last quarter. Foundry Partners LLC boosted its position in shares of BP p.l.c. by 30.0% in the first quarter. Foundry Partners LLC now owns 438,800 shares of the oil and gas exploration company’s stock worth $15,147,000 after buying an additional 101,220 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of BP p.l.c. by 3.4% in the first quarter. Integrated Investment Consultants LLC now owns 6,728 shares of the oil and gas exploration company’s stock worth $232,000 after buying an additional 220 shares in the last quarter. Park National Corp OH boosted its position in shares of BP p.l.c. by 15.5% in the first quarter. Park National Corp OH now owns 57,065 shares of the oil and gas exploration company’s stock worth $1,970,000 after buying an additional 7,671 shares in the last quarter. Finally, Beacon Financial Group boosted its position in shares of 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. Hedge funds and other institutional investors own 9.99% of the company’s stock.
BP p.l.c. (NYSE BP) traded down 0.17% during mid-day trading on Tuesday, reaching $34.86. The company had a trading volume of 660,799 shares. The stock’s 50-day moving average price is $35.80 and its 200 day moving average price is $35.41. The firm has a market capitalization of $114.25 billion, a PE ratio of 51.88 and a beta of 0.94. BP p.l.c. has a 52 week low of $32.50 and a 52 week high of $38.68.
BP p.l.c. (NYSE:BP) last released 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 analyst estimates of $59.87 billion. During the same quarter last year, the business posted $0.17 EPS. The company’s revenue was up 45.1% on a year-over-year basis. On average, equities research analysts predict that BP p.l.c. will post $1.59 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 23rd. Shareholders of record on Friday, May 12th were paid a dividend of $0.595 per share. This represents a $2.38 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date was Wednesday, May 10th. BP p.l.c.’s dividend payout ratio (DPR) is 366.16%.
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A number of research firms recently commented on BP. Jefferies Group LLC reissued a “hold” rating and issued a $35.90 price target on shares of BP p.l.c. in a research report on Friday. Bank of America Corporation lowered BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Argus raised their target price on BP p.l.c. from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Thursday, June 1st. Zacks Investment Research upgraded BP p.l.c. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of BP p.l.c. in a research note on Monday, June 12th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. BP p.l.c. has a consensus rating of “Buy” and a consensus target price of $36.10.
About BP p.l.c.
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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