BP p.l.c. (BP) Stake Lifted by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in shares of BP p.l.c. (NYSE:BP) by 29.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,932 shares of the oil and gas exploration company’s stock after acquiring an additional 12,159 shares during the quarter. Quantbot Technologies LP’s holdings in BP p.l.c. were worth $2,072,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Johnson Financial Group Inc. increased its stake in shares of BP p.l.c. by 1.2% during the second quarter. Johnson Financial Group Inc. now owns 4,672 shares of the oil and gas exploration company’s stock worth $162,000 after acquiring an additional 55 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of BP p.l.c. by 1.3% during the second quarter. Beck Mack & Oliver LLC now owns 7,880 shares of the oil and gas exploration company’s stock worth $273,000 after acquiring an additional 98 shares during the period. Cornerstone Investment Partners LLC increased its stake in shares of BP p.l.c. by 0.5% during the second quarter. Cornerstone Investment Partners LLC now owns 30,491 shares of the oil and gas exploration company’s stock worth $1,057,000 after acquiring an additional 148 shares during the period. Trust Co. of Vermont increased its stake in shares of BP p.l.c. by 2.5% during the second quarter. Trust Co. of Vermont now owns 6,863 shares of the oil and gas exploration company’s stock worth $238,000 after acquiring an additional 165 shares during the period. Finally, Burt Wealth Advisors increased its stake in shares of BP p.l.c. by 6.8% during the second quarter. Burt Wealth Advisors now owns 3,136 shares of the oil and gas exploration company’s stock worth $108,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 9.94% of the company’s stock.

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BP has been the topic of several recent analyst reports. Vetr upgraded shares of BP p.l.c. from a “hold” rating to a “buy” rating and set a $40.48 target price on the stock in a research report on Friday. Zacks Investment Research lowered shares of BP p.l.c. from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of BP p.l.c. from a “c” rating to a “b” rating in a research report on Wednesday, November 8th. Scotiabank restated a “buy” rating and set a $39.00 target price on shares of BP p.l.c. in a research report on Wednesday, November 1st. Finally, Evercore ISI upped their target price on shares of BP p.l.c. from $43.00 to $48.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.66.

Shares of BP p.l.c. (BP) traded up $0.32 on Friday, hitting $39.09. 3,283,001 shares of the company traded hands, compared to its average volume of 5,504,272. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $128,000.00, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 1.19 and a beta of 0.98. BP p.l.c. has a fifty-two week low of $33.10 and a fifty-two week high of $41.55.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, November 10th will be paid a dividend of $0.60 per share. This is an increase from BP p.l.c.’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $2.40 annualized dividend and a dividend yield of 6.14%. BP p.l.c.’s dividend payout ratio is presently 203.42%.

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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