Jones Financial Companies Lllp bought a new position in shares of BP plc (NYSE:BP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 7,554 shares of the oil and gas exploration company’s stock, valued at approximately $317,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stock Yards Bank & Trust Co. increased its position in BP by 11.1% during the 4th quarter. Stock Yards Bank & Trust Co. now owns 11,718 shares of the oil and gas exploration company’s stock worth $493,000 after purchasing an additional 1,167 shares in the last quarter. NEXT Financial Group Inc increased its position in BP by 6.4% during the 4th quarter. NEXT Financial Group Inc now owns 20,313 shares of the oil and gas exploration company’s stock worth $854,000 after purchasing an additional 1,225 shares in the last quarter. Glenview Trust Co increased its position in BP by 5.4% during the 4th quarter. Glenview Trust Co now owns 25,283 shares of the oil and gas exploration company’s stock worth $1,063,000 after purchasing an additional 1,300 shares in the last quarter. Anchor Capital Advisors LLC boosted its holdings in BP by 4.2% in the 4th quarter. Anchor Capital Advisors LLC now owns 32,400 shares of the oil and gas exploration company’s stock worth $1,362,000 after acquiring an additional 1,320 shares during the period. Finally, Barrett Asset Management LLC boosted its holdings in BP by 33.4% in the 3rd quarter. Barrett Asset Management LLC now owns 5,992 shares of the oil and gas exploration company’s stock worth $230,000 after acquiring an additional 1,500 shares during the period. 10.19% of the stock is owned by hedge funds and other institutional investors.
BP has been the subject of a number of analyst reports. Zacks Investment Research cut BP from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Vetr upgraded 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. Piper Jaffray Companies restated a “buy” rating and issued a $51.00 price target on shares of BP in a report on Wednesday, January 24th. Societe Generale upgraded BP from a “hold” rating to a “buy” rating in a report on Monday, February 12th. Finally, Morgan Stanley cut BP from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $40.26.
BP (NYSE:BP) last released its earnings results on Tuesday, February 6th. The oil and gas exploration company reported $0.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.02). The business had revenue of $67.82 billion for the quarter, compared to analysts’ expectations of $56.85 billion. BP had a net margin of 1.39% and a return on equity of 6.19%. The business’s quarterly revenue was up 33.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. sell-side analysts anticipate that BP plc will post 2.7 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Thursday, February 15th. BP’s dividend payout ratio (DPR) is currently 233.34%.
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BP 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.
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