Sterling Capital Management LLC increased its holdings in shares of BP plc (NYSE:BP) by 22.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,434 shares of the oil and gas exploration company’s stock after purchasing an additional 3,164 shares during the quarter. Sterling Capital Management LLC’s holdings in BP were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Johnson Financial Group Inc. increased its position in BP by 1.2% in 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 buying an additional 55 shares in the last quarter. Burt Wealth Advisors grew its position in shares of BP 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 purchasing an additional 200 shares in the last quarter. Oarsman Capital Inc. grew its position in shares of BP by 2.6% during the second quarter. Oarsman Capital Inc. now owns 12,135 shares of the oil and gas exploration company’s stock worth $420,000 after purchasing an additional 310 shares in the last quarter. FTB Advisors Inc. grew its position in shares of BP by 4.8% during the second quarter. FTB Advisors Inc. now owns 7,951 shares of the oil and gas exploration company’s stock worth $282,000 after purchasing an additional 364 shares in the last quarter. Finally, Parallel Advisors LLC grew its position in shares of BP by 10.6% during the second quarter. Parallel Advisors LLC now owns 4,791 shares of the oil and gas exploration company’s stock worth $168,000 after purchasing an additional 459 shares in the last quarter. 9.94% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered BP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. Vetr lowered BP from a “buy” rating to a “hold” rating and set a $41.28 price target for the company. in a research note on Tuesday, December 12th. TheStreet raised BP from a “c” rating to a “b” rating in a research note on Wednesday, November 8th. Scotiabank reissued a “buy” rating and set a $39.00 price target on shares of BP in a research note on Wednesday, November 1st. Finally, Evercore ISI raised their price objective on BP from $43.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.63.
Shares of BP plc (NYSE BP) traded up $0.64 on Friday, reaching $43.91. The company’s stock had a trading volume of 5,649,809 shares, compared to its average volume of 4,330,000. BP plc has a 12 month low of $33.10 and a 12 month high of $43.99. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.57. The firm has a market cap of $145,050.00, a PE ratio of 37.53, a P/E/G ratio of 0.91 and a beta of 0.97.
The company also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Friday, November 10th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, November 9th. This represents a $2.40 dividend on an annualized basis and a yield of 5.47%. This is a boost from BP’s previous quarterly dividend of $0.60. BP’s payout ratio is currently 203.42%.
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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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