BP p.l.c. (BP) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. lowered its stake in BP p.l.c. (NYSE:BP) by 29.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,551 shares of the oil and gas exploration company’s stock after selling 4,405 shares during the period. Stock Yards Bank & Trust Co.’s holdings in BP p.l.c. were worth $365,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC boosted its stake in BP p.l.c. by 0.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 4,878 shares of the oil and gas exploration company’s stock valued at $169,000 after buying an additional 26 shares during the period. Plancorp LLC boosted its stake in BP p.l.c. by 0.3% in the first quarter. Plancorp LLC now owns 12,697 shares of the oil and gas exploration company’s stock valued at $437,000 after buying an additional 36 shares during the period. Cambridge Trust Co. boosted its stake in BP p.l.c. by 0.7% in the first quarter. Cambridge Trust Co. now owns 7,283 shares of the oil and gas exploration company’s stock valued at $251,000 after buying an additional 54 shares during the period. GHP Investment Advisors Inc. boosted its stake in BP p.l.c. by 0.5% in the first quarter. GHP Investment Advisors Inc. now owns 14,046 shares of the oil and gas exploration company’s stock valued at $485,000 after buying an additional 67 shares during the period. Finally, Peddock Capital Advisors LLC boosted its stake in BP p.l.c. by 1.7% in the first quarter. Peddock Capital Advisors LLC now owns 5,803 shares of the oil and gas exploration company’s stock valued at $200,000 after buying an additional 98 shares during the period. Institutional investors and hedge funds own 9.95% of the company’s stock.

Shares of BP p.l.c. (NYSE BP) opened at 36.16 on Thursday. The company has a 50-day moving average price of $35.08 and a 200 day moving average price of $35.01. The company has a market capitalization of $118.96 billion, a price-to-earnings ratio of 31.55 and a beta of 0.94. BP p.l.c. has a one year low of $32.53 and a one year high of $38.68. BP p.l.c. also was the recipient of some unusual options trading activity on Tuesday. Investors purchased 67,515 call options on the company. This is an increase of 974% compared to the average volume of 6,286 call options.

BP p.l.c. (NYSE:BP) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas exploration company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by $0.18. BP p.l.c. had a net margin of 1.74% and a return on equity of 3.64%. The business had revenue of $56.51 billion during the quarter, compared to the consensus estimate of $56.09 billion. During the same period in the previous year, the business posted $0.23 earnings per share. BP p.l.c.’s revenue was up 21.7% compared to the same quarter last year. On average, analysts forecast that BP p.l.c. will post $1.69 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, August 11th will be paid a $0.595 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $2.38 dividend on an annualized basis and a yield of 6.58%. BP p.l.c.’s payout ratio is presently 206.96%.

TRADEMARK VIOLATION NOTICE: “BP p.l.c. (BP) Shares Sold by Stock Yards Bank & Trust Co.” was originally posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://sportsperspectives.com/2017/08/10/stock-yards-bank-trust-co-sells-4405-shares-of-bp-p-l-c-bp-updated-updated.html.

Several research firms have recently issued reports on BP. Macquarie cut BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Wednesday, June 21st. Zacks Investment Research upgraded BP p.l.c. from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 6th. Jefferies Group LLC set a $36.00 target price on BP p.l.c. and gave the company a “hold” rating in a report on Wednesday, May 17th. Bank of America Corporation cut BP p.l.c. from a “neutral” rating to an “underperform” rating in a report on Friday, June 30th. Finally, Societe Generale cut BP p.l.c. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $35.04 to $34.90 in a research note on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $36.51.

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)

Receive News & Ratings for BP p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply