Bridgecreek Investment Management LLC purchased a new position in shares of BP plc (NYSE:BP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,450 shares of the oil and gas exploration company’s stock, valued at approximately $229,000.
A number of other large investors have also recently made changes to their positions in BP. Beaton Management Co. Inc. purchased a new stake in shares of BP in the second quarter worth about $211,000. MPS Loria Financial Planners LLC purchased a new stake in shares of BP in the second quarter worth about $418,000. Park National Corp OH boosted its position in shares of BP by 6.0% in the third quarter. Park National Corp OH now owns 67,699 shares of the oil and gas exploration company’s stock worth $2,602,000 after buying an additional 3,827 shares during the period. Butensky & Cohen Financial Security Inc. boosted its position in shares of BP by 7.3% in the third quarter. Butensky & Cohen Financial Security Inc. now owns 49,776 shares of the oil and gas exploration company’s stock worth $1,913,000 after buying an additional 3,370 shares during the period. Finally, Edge Wealth Management LLC boosted its position in shares of BP by 40.4% in the third quarter. Edge Wealth Management LLC now owns 315,151 shares of the oil and gas exploration company’s stock worth $12,111,000 after buying an additional 90,622 shares during the period. Institutional investors own 9.99% of the company’s stock.
BP plc (BP) opened at $39.55 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.88 and a debt-to-equity ratio of 0.55. BP plc has a 1-year low of $33.10 and a 1-year high of $44.62. The company has a market capitalization of $132,386.80, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 0.80 and a beta of 0.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Friday, February 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s dividend payout ratio is presently 233.34%.
BP has been the subject of several analyst reports. Zacks Investment Research raised BP from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Tuesday, November 7th. Vetr raised BP from a “hold” rating to a “buy” rating and set a $40.48 price target for the company in a report on Friday, November 17th. Evercore ISI increased their price target on BP from $43.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, November 1st. Scotiabank reissued a “buy” rating and issued a $39.00 price target on shares of BP in a report on Wednesday, November 1st. Finally, TheStreet raised BP from a “c” rating to a “b” rating in a report on Wednesday, November 8th. Three analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.05.
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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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